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Full text of "Twenty Third Massachusetts Fire"

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OF 



MASSACHUSETTS. 



B. 



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PUBLIC DOCUMENT No. 9. 



TWENTY-THIRD 



ANNUAL REPORT 



OF THE 



INSUKANCE COMMISSIONEB 



OF THE 



(HommotuDcaUt) of i|ta00acl)U0£tt0, 



January 1, 1878. 



PAET I. 

FIRE AND MARINE INSURANCE. 



BOSTON: 

Eanti, &farg, $c Co., Printers to tije Commontnealtfj, 

117 Franklin Street. 
1878. 



SkS 1 Hi 

ft 



TABLE OF CONTENTS. 



[For Index to Companies, see end of Volume.] 



COMMISSIONER'S REPORT. 

PAGE 

Introductory, v 

Companies Admitted, . . vi 

Companies "Withdrawn, vi 

New Companies, vii 

Companies voluntarily closing up vii 

Massachusetts Receiverships, viii 

Business op 1877 xiii 

Massachusetts Mutual Fire Insurance Companies, ,. xiii 

Comparative Table A xiii 

Massachusetts Mutual Marine and Fire-Marine Insurance Companies, . xiv 

Comparative Table B, xiv 

Massachusetts Joint-Stock Insurance Companies, xiv 

Comparative Table C, . . . xiv 

Insurance Companies of other States, xv 

Comparative Table D, xv 

United States Branches of Foreign Insurance Companies, .... xvi 

Comparative Table E, . xvi 

Massachusetts Business, xvi 

Comparative Table F, xvi 

Comparative ratios, xvi 

Statistical Tabulations, * xix 

Massachusetts Mutual Fire Insurance Companies, xx 

Table I. — Risks, assets, liabilities, and surplus xx 

Table II. — Gross casb income and expenditures, premiums, losses, and expenses, . xxiii 

Massachusetts Mutual Marine and Fire-Marine Insurance Companies, . xxvi 

Table III. — Guarantee fund, scrip, risks, assets, liabilities, and surplus, . . . xxvi 

Table IV. — Gross cash income and expenditures, premiums, losses, and expenses, . xxvii 

Massachusetts Joint-Stock Insurance Companies, xxviii 

Table V. — Casb capital, risks, assets, liabilities, and surplus xxviii 

Table VI. — Risks written, premiums received, and losses paid xxix 

Table VII. — Gross cash income and expenditures, expenses, and dividends, . . xxx 

Insurance Companies of other States, xxxi 

Table VIII. — Cash capital, risks, assets, liabilities, and surplus xxxi 

Table IX. — Risks written, premiums received, and losses paid, . .... xxxvi 

Table X. — Gross cash income and expenditures, expenses, and dividends, . . xl 



iv TABLE OF CONTENTS. 

PAGE 

Table XI. — United States Branches, xliv 

Table XII. — Massachusetts business in detail xlv 

Receipts and expenditures of the insurance department, 1 

DETAILED STATEMENTS. 

Massachusetts Mutual Fire Companies, 1 

Massachusetts Mutual Fire Companies with Guarantee Capital, 77 

Massachusetts Mutual Marine and Fire-Marine Companies, 87 

Massachusetts Joint-Stock Fire, Marine, and Fire-Marine Companies, .... 105 

Fire, Marine, and Fire-Marine Insurance Companies of other States, .... 167 

United States Branches of Foreign Companies, 441 

Foreign Fire Companies, • 469 

List of agents of insurance companies of other States and foreign countries, with 

amount of business done and tax paid by each, 515 

Appendix. 



TWENTY-THIKD ANNUAL EEPOET 



or THE 



INSURANCE COMMISSIONER. 



PART I. 
FIKE AND MAEINE INSURANCE. 



To the Honorable the Senate and House of Representatives : 

The Insurance Commissioner respectfully presents herewith 
the First Part of the Twenty-Third Annual Report of the 
Insurance Department. 

This volume contains the statements in detail of all the 
Insurance Companies, other than Life, Casualty, and Acci- 
dent, doing business in this Commonwealth on the thirty-first 
day of December, 1877, as rendered to the Commissioner. 

The number of such companies, duly authorized to transact 
business in this State, Jan. 1, 1878, was two hundred and 
fifteen, classified as follows: Massachusetts Companies, 
eighty-seven, of which fifty-five are Mutual Fire (three of 
which have a cash guarantee capital) ; one Mutual Boiler, 
seven Mutual Marine and Fire-Marine, and twenty-five 
Joint Stock Fire and Marine Companies ; Fire and Marine 
Companies of other States, one hundred and eleven ; United 
States Branches of Foreign Companies, seventeen. 

The following schedules show the companies admitted and 
withdrawn since the publication of the last report : — 



VI 



REPORT OF THE 



Companies Admitted. 



NAME OF COMPANY. 


Location. 


Date of Admission. 


American Exchange, . 


New York, 


May 29, 1877. 


Newark Fire, .... 


Newark, N. J., 


Sept. 1, « 


Transatlantic Fire, 


Hamburg, Ger., 


Oct. 18, " 


Rutgers Fire, .... 


New York, 


Nov. 16, " 


North German Fire, . 


Hamburg, Ger., 


Mar. 1, 1878. 



Companies Withdrawn. 



NAME OF COMPANY. 


Location. 


Date of Withdrawal. 


Paterson Fire, 




Paterson, N.J., 


June 20, 1877. 


Richmond Fire Association, 




Richmond, Va., 


July 14, " 


Citizens', . 








Newark, N.J., 


July 16, " 


Atlas, . 








Hartford, Conn , . 


Aug. " 


Guaranty Fire, . 








New York, 


Oct. 13, " 


Arctic Fire, . . 








New York, 


Oct. 18, " 


St. Louis, . .. 








St. Louis, Mo., 


Oct. 18, " 


Manayunk, . 








Philadelphia, Perm. , 


Oct. 30, " 


Philadelphia Fire, 








Philadelphia, Penn. , 


Dec. 6, " 


Reading, 








Reading, Penn., 


Dec. 11, " 


Sun Fire, . 








Philadelphia, Penn., 


Dec. 18, " 


Amazon, 








Cincinnati, 0., 


Dec. 22, " 


Franklin Fire, 








New York, • 


Jan. 1, 1878 


Home,* 








Columbus, 0., 


Feb. 15, " 



* License revoked. 



INSURANCE COMMISSIONER. 



vn 



New Companies. 



NAME OF COMPANY. 


Location. 


Commenced Busi- 
ness. 


Mutual Boiler Ins. Co. of Boston,* 


Boston, . 


June 1, 1877. 


Shelburne Mutual Fire,f 


Shelburne, 


June 18, " 


Granby Mutual Fire,f 


Granby, . 


Aug. 31, " 



Companies Closing Up. 

By an Act of the Legislature of 1877, the time for closing 
the affairs of the Central Mutual Fire Insurance Company of 
Worcester was extended to June 1, 1878. The liabilities of 
the company are nearly all discharged, and the Directors will 
soon declare a dividend of about thirty per cent upon the 
assessments. Of the original assessment, sixty-five per cent 
has been collected. About seventy per cent of all the per- 
sons assessed responded to the call. 

But little has been done toward closing the affairs of the 
Globe Insurance Company of Boston, as the Directors are 
awaiting a more favorable opportunity to realize upon the 
assets. The claims for losses have all been paid except one 
for a small amount, which is now in suit in Pennsylvania. 
The yearly policies will all have expired in May next, and 
thereafter the policies of the Shawmut will be substituted 
for the term policies in force. 

In consequence of a second heavy loss, the Directors of 
the Factory Mutual Fire Insurance Company of Boston voted, 
Nov. 5, 1877, to close up the company. The unsettled losses 
at this time amounted to 113,000. A call of thirty-five per 
cent, amounting to $8,517.08, was made upon the deposit 
notes, and nearly all of the same has been collected. Suffi- 
cient funds are now in hand to pay all liabilities and the 
expenses incident to closing up the affairs of the company. 

On the 14th of November, 1877, the Directors of the North- 
ampton Mutual Fire Insurance Company, of Northampton, 



* Organized under special charter. 

t Organized under General Law. These companies are local, insuring only property 
located in their respective towns. 



viii REPORT OF THE 

voted to request the Commissioner to procure the dissolution 
of the corporation, the business having proved unsuccessful. 
The assets at this time consisted of premiums in course of 
collection, $1,435.92 ; and deposit notes, $7,074.10. The lia- 
bilities were : unpaid losses, $876.98; and unearned premiums, 
$2,760.98. Legal proceedings were instituted Nov. 22 ; and 
on Dec. 7, Messrs. G. A. Christie and J. J. Bottum were ap- 
pointed as Receivers. 

At a meeting of the Directors of the Conway Mutual Fire 
Insurance Company of Conway, held June 19, 1877, at which 
the Insurance Commissioner was present by invitation, after 
a careful consideration of the condition and prospects of the 
company, it was voted inexpedient to continue business, and 
the Commissioner was requested to institute the necessary 
legal proceedings to close up the corporation. The condition 
of the company at this time was substantially as follows : 
Cash assets, book value, $14,074.41 ; deposit notes, $106,- 
257.70. Liabilities : claimed and reported losses, $8,338.00 ; 
unclaimed dividends and sundry items of expenses, $399.42 ; 
unearned premiums, $26,564.42. It was thought at this time 
that a sufficient sum could be realized upon the assets to pay 
all losses and the expenses of closing up, and that members 
would relinquish their claims for unearned premiums if by 
so doing an assessment would be avoided. The usual pro- 
ceedings were at once instituted against the company ; and 
at the hearing before the Supreme Judicial Court, July 6, 
Messrs. Henry Winn of Shelburne Falls, H. W. Billings of 
Conway, and Samuel O. Lamb of .Greenfield, were appointed 
as receivers. Up to Jan. 1, 1878, the Receivers had collected 
$1,312.59, and disbursed, by order of court, $257.55. The 
adjusted claims at same date were $5,115.55; unadjusted 
claims, $3,180.00. On the 12th day of January the building 
owned by the company was destroyed by fire : it was not 
insured, and the assets are diminished about $2,000 by this 
cause. 

Receiverships. 

The accounts of all receivers of Insurance Companies 
have been examined during the year, as required by chapter 
83 of the Acts of 1876. The following are the results : — 



INSURANCE COMMISSIONER. 



IX 



Boston Insurance Company. 
Cash in hands of receivers, September, 1876, . . . $64 55 

Of this sum $46.17 is held for payment of dividends; the balance, 
$18.38, is held subject to the further order of the court. 

The receivers also hold Alabama claims amounting to about $36,000. 
There have been no receipts or disbursements since September, 1876. 



Bay State Fire Insurance Company. 

Cash in hands of receivers, Dec. 4, 1876, .... 

Paid receivers, per order of court, . . . $196 45 

Dividends, 119 43 



Balance on hand Dec. 12, 1877, 
No disbursements since April 2, 1877. 



$447 04 



315 88 



$131 16 



Boot and Shoe Manufacturers'' Mutual Fire Insurance Company. 



Cash in hands of receivers, Feb. 4, 1876, . $13,256 51 

Received for interest on deposits, ... 63 76 

Paid to members (12 percent of assessment), . $6,737 14 

taxes and sundry expenses, . . . 272 46 



Balance on hand July 23, 1877, 



$13,320 27 



7,009 60 
£6,310 67 



By decree of court dated July 27, 1877, the receivers are directed to 
pay into court $95.50, being the amount of assessment not returned, the 
same to be invested in the name of the clerk of the court, in the Boston 
Five Cents Savings Bank: the balance, $6,215.17, is allowed to the 
receivers, and they are discharged. 



Builders'' Mutual Fire Insurance Company {first class). 

Amount realized from assets, $8,060 33 

of claims for losses allowed, 6,504 94 

of all other claims allowed, 3,462 40 

of claims for losses paid, 6,484 00 

of claims for losses unpaid, . .... 20 94 

of all other claims paid, 380 53 

of expenses to date, 932 56 

of cash on hand Dec. 20, 1877, 263 24 

From a voluntary contribution made by members of the second class, 
a sufficient sum will be realized to pay all claims in full, except return 
premiums. 

6 



x REPORT OF THE 

Builders 1 Mutual Fire Insurance Company (second class). 

Cash received from treasurer of company, 
realized from assets, 
received for interest and sundry items, 



Disbursed for fire losses, . 

for cancellation of losses and sun- 
dry claims, under decree of court, 
Paid clerical and other expenses, 
return premiums in full, 



$4,726 00 
13,323 16 

875 52 


$1,853 58 

1,796 27 
1,016 41 
5,240 37 



$18,924 68 



9,906 63 



$727 10 




17 73 






$744 83 




$64 83 




70 00 






134 83 





Balance on hand Dec. 13, 1877, $9,018 05 

A dividend of profits amounting to about 50 per cent of the cash pre- 
miums will be paid to members of this class. 

Exchange Insurance Company. 

Cash in hands of receivers, Nov 26, 1876, 
Received for interest, . . . 

Paid dividends on return premiums, 

dividends on loss, .... 

Balance on hand Dec. 21, 1877, . . . $610 00 

Franklin Insurance Company. 

Cash in hands of receivers, Nov. 22, 1876, . $74,830 30 
received from assets and interest, . . 3,011 05 

Paid dividends on fire losses, . 
dividends on marine losses, 
dividends on return premiums, 
expenses, 

Balance on hand Dec. 21, 1877, . . . $7,734 51 

The receivers also hold 50 shares Calais Bank Stock, par value $50 
each; mortgage $4,000; claims now in suit, considered good, $7,000; 
Alabama claims, $11,450; Relief Steamboat Company Stock, $3,800. 
The two last items have little or no present value. The status of the 
Jackson defalcation remains unchanged. 

Howard Fire Insurance Company. 

Cash in Hide and Leather National Bank, Nov. 16, 1876, . $2,656 64 
Dividends paid during the year, 403 68 

Balance in Bank Dec. 21, 1877, $2,252 69 



$68,347 45 


$77,841 35 


1,096 25 




20 45 




642 69 






70,106 84 





INSURANCE COMMISSIONER. xi 

Hide and Leather Insurance Company. 

Cash in hands of receivers, Dec. 15, 1875, . $32,522 44 

Received for interest, 226 48 

$32,748 92 

Disbursements under decree of court, 32,423 47 

Balance on hand, Dec. 18, 1877, $305 45 

Percentage of dividends paid, 48£. 

Mechanics' Mutual Fire Insurance Company. 

Balance on hand, Nov. 21, 1876, . . . $244,014 62 

Interest on deposits and sundry receipts, . 2,787 57 

$246,802 19 

Disbursed under decree of court: — 

To receivers, $11,500 00 

Sundry expenses, 2,068 01 

Assessments returned, 49 per cent, . . 228,201 47 

Sundry dividends on old policies, &c, . . 571 87 

242,341 35 

Balance on hand, Nov. 15, 1877, $4,460 84 

Dividends unpaid on old policies, $317.28. 
" " assessments, 161.52. 

Merchants' 9 Insurance Company. 

Cash on hand, Nov. 22, 1876, . . . $1,254 26 

Received salvage on old account, ... 77 57 

$1,331 83 

Dividends paid, • 775 41 

Balance in National Eagle Bank, Dec. 21, 1877, . . $556 42 

Manufacturers 1 Insurance Company. 

Received on old account, salvage, $9 39 

Paid court fees, 1 20 

Balance on hand, Dec. 18, 1877, $8 19 

The receivers hold Alabama Claims amounting to $276,000, exclusive 
of interest. 

National Insurance Company. 

Cash on hand, Nov. 25, 1876, . . . $18,958 28 

Received for interest on deposit, . . . 445 70 

$19,403 98 

Paid dividends, $821 37 

attorney's fees and expenses, . . . 831 96 

1,653 33 

Balance on hand, Dec. 19, 1877, . .... $17,750 65 



xii REPORT OF THE 

The suit which has delayed the settlement of the affairs of this com- 
pany has, for the fourth time, been decided in its fWor: an appeal has 
been taken, but the case will probably be determined early in 1878. 

New England Mutual Marine Insurance Company. 

Cash on hand, Nov. 29, 1876, . . . $10,534 60 

Received sundry dividends, 



Paid dividends on losses, 

" " on return premiums, 

" taxes and expenses, 



203 80 

$3,213 90 

4 86 

511 83 



,738 40 



3,730 59 

Balance on hand, Dec. 21, 1877, $7,007 81 

The receivers also hold property in Chicago, valued at $7,000; Ala- 
bama Claims, $180,000; and a claim in suit ("Ship Kate Dyer"), 
$12,000. 

Neptune Insurance Company. 

Cash on hand, Dec. 1, 1876, .... $10,372 63 



Received for interest and dividends, 

Paid for dividends, 

for expenses, .... 



340 85 

$10,713 48 



$300 30 

2 50 
302 80 



Balance on hand, Dec. 20, 1877, $10,410 68 

The receivers hold Alabama Claims amounting to $35,000; and a claim 
in suit (" Ship Kate Dyer"), $10,000. 

People's Fire Insurance Company. 

Cash on hand, Sept. 12, 1876, $1,708 74 

Paid court fees and sundry disbursements, .... 1,063 11 

Balance in Bank, Dec. 12, 1877, $645 63 

Of the checks outstanding as per last statement, twenty-four, amount- 
ing to $170.17, have since been paid: the last drawn was presented in 
June, 1877. 

Suffolk Insurance Company. 

Of the funds deposited with the New England Trust Company, the 
sum of $857.56 remains on deposit, Dec. 18, 1877. 

No payments or demands have been made since May 12, 1877. 

Shoe and Leather Dealers' Fire and Marine Insurance Company. 
Cash on hand, May, 1875, .... $266 65 

Received salvage, old account, ... 1 80 

$268 45 

Paid dividends, 167 03 



Balance on hand, Dec. 19, 1877, $101 42 

Dividends unpaid (not called for), $69.76. 



INSURANCE COMMISSIONER. 



xm 



Tremont Insurance Company. 

Cash on hand, Nov. 17, 1876, ... $76 28 

since received. 22 30 



Sundry payments, 



On hand, Aug. 27, 1877, to be paid into court, 
Receivers discharged Aug. 31, 1877. 

Washington Insurance Company. 

Cash on hand Dec. 1, 1876, 

Received for interest and sundry items, . 



$98 58 
86 75 

$11 83 



. $2,198 89 
. . 1,067 38 

On hand, Dec. 18, 1877, $3,266 27 

The receivers hold securities valued at $24,000, Alabama Claims 
amounting to $100,000, and a claim in suit (" Ship Kate Dyer"), for 
$10,000. 

Business of 1877. 

The following Comparative Tables exhibit, in condensed 
form, the business of the year : — 

Comparative Table A. — Mass. Mutual Fire Insurance 

Companies. 





1876.* 


1877.t 


Increase or 
Decrease in 1877. 


Assets, .... 


$5,591,347 


$5,724,164 


+$132,817 


Liabilities, 


.2,748,528 


2,938,220 


+189,692 


Surplus, . 


2,845,982 


2,791,156 


—54,826 


Income, .... 


2,207,911 


2,243,043 


+35,132 


Expenditures, . 


1,983,687 


2,002,270 


+18,583 


Risks written, . 


169,627,692 


178,400,701 


+8,773,009 


Net premiums received, . 


1,869,826 


1,929,780 


+59,954 


Risks outstanding, . 


395,487,097 


397,419,022 


+1,931,925 


Losses paid, 


663,332 


603,875 


—59,457 


Losses incurred, 


624,415 


844,425 


+220,010 


Assessments collected, 


21,367 


5,345 


—16,022 


Profits returned, 


902,138 


968,331 


+66,193 


Expenses, 


392,030 


420,696 


+28,666 



* Fifty-seven Companies. 



t Fifty-four Companies. 



XIV 



EEPOKT OF THE 



Comparative Table B. — Mass. Mutual Marine and Fire- 
Marine Insurance Companies, 





1876.* 


1877.* 


Increase or 
Decrease in 1877. 


Cash guarantee fund, 


$765,200 


$765,200 


- 


Subscription notes, . 


1,031,700 


1,023,600 


—$8,100 


Assets, .... 


4,651,835 


4,245,159 


—406,676 


Liabilities, 


1,120,209 


976,953 


—143,256 


Surplus, .... 


392,907 


444,808 


+51,901 


Income, .... 


1,381,309 


1,216,238 


—165,071 


Expenditures, . 


1,184,090 


1,490,603 


+306,513 


Risks written, . 


63,494,975 


65,384,509 


+1,889,534 


Net premiums received, . 


1,224,321 


1,027,975 


—196,346 


Risks outstanding, . 


43,495,877 


41,199,413 


—2,296,464 


Losses paid, 


719,620 


758,589 


+38,969 


Losses incurred, 


708,695 


673,646 


—35,049 


Expenses, 


174,396 


169,197 


—5,199 


Scrip dividends declared, . 


276,583 


238,363 


—38,220 


Scrip redeemed, 


115,310 


111,761 


—3,549 


Scrip outstanding, f . 


1,341,819 


1,034,498 


—307,321 



* Seven companies. 

t The outstanding scrip of the Union Mutual Marine Insurance Company was cancelled 
in 1877. 



Comparative Table C. — Mass. Joint Stock Insurance Go's* 





1876.t 


18774 


Increase or 
Decrease in 1877. 


Cash capital, . 


$7,017,000 


$7,217,000 


+$200,000 


.Assets, . . • • 


13,244,355 


13,195,886 


—48,469 


Liabilities, 


3,715,224 


3,613,256 


—101,968 



* The statement of the Globe Insurance Company was not used in the compilation of this 
table. 

f Twenty-six Companies. J Twenty-five Companies. 



INSURANCE COMMISSIONER. 



xv 



Comparative Table C. — Mass. Joint Stock Insurance Com- 

pany — Concluded. 





1876. 


1877. 


Increase or 
Decrease in 1877. 


Surplus, .... 


$9,529,129 


$9,582,630 


+$53,501 


Income. .... 


4,831,400 


4,994,234 


+162,834 


Expenditures, . 


3,771,166 


4,786,389 


+1,015,223 


Risks written, . 


364,343,532 


400,691,535 


+36,348,003 


Net premiums received, . 


4,817,233 


4,385,522 


—431,711 


Risks outstanding, . 


323,459,921 


357,359,852 


+33,899,931 


Losses paid, 


2,023,899 


2,957,375 


+933,476 


Losses incurred, 


2,238,048 


2,910,221 


+672,173 


Expenses, 


1,254,574 


1,266,291 


+11,717 


Cash dividends declared, . 


451,800 


561,000 


+109,200 



Comparative Table D. — Fire and Marine Insurance Com- 
panies of other States, 



1876.* 



1877.t 



Increase or 
Decrease in 1877. 



Cash capital, 

Assets, 

Liabilities, 

Income, . 

Expenditures, 

Fire risks written, 

Net premiums received, 

Marine risks written, 

Net premiums received, 

Fire losses paid, 

Marine or inl'd losses paid 

Dividends paid, 

Expenses, 



$42,076,225 

117,551,275 

36,313,447 

53,012,773 

46,524,792 

3,824,803,150 

36,523,489 

964,526,667 

10,417,462 

18,870,056 

5,842,103 

5,778,136 

14,057,434 



$40,830,694 

112,077,565 

33,898,236 

49,621,630 

49,441,105 

3,773,630,119 

32,746,214 

1,115,225,467 

10,871,646 

18,443,484 

7,717,845 

5,523,217 

13,892,824 



—$1,245,531 

—5,473,710 

—2,415,211 

—3,391,143 

+2,916,313 

—51,173,031 

—3,777,275 

+150,698,800 

+454,184 

—426,572 

+1,875,742 

—254,919 

—164,610 



* One hundred and seventeen Companies. 



t One hundred and eleven Companies. 



XVI 



REPORT OF THE 



Comparative Table E. — U. S. Branches of Foreign Com- 
panies, 

[Fire business only.] 





1876.* 


1877.1 


Increase or De- 
crease in 1877. 


Assets in U. S.,% 


$17,350,338 


$16,606,625 


—$743,713 


Liabilities in U. S., . 


7,285,683 


8,333,895 


+1,048,212 


Income, .... 


10,919,412 


12,294,954 


+1,375,542 


Expenditures, . 


8,136,334 


9,247,763 


+1,111,429 


Risks written, . 


1,135,388,303 


1,452,945,088 


+317,556,785 


Net premiums received, . 


10,240,881 


11,578,184 


+1,337,303 


Losses paid, 


4,826,759 


5,741,379 


+914,620 


Expenses, 


3,203,117 


3,495,706 


+292,589 



* Fifteen companies. t Seventeen companies. 

% Available for the payment of losses in this State. 

Comparative Table F. — Massachusetts Business. 









Increase or De- 




1876. 


1877. 


crease in 1877. 


Fire risks written, . 


$528,211,058 


$585,928,271 


+$57,717,213 


Fire premiums received, . 


5,974,268 


5,998,124 


+23,856 


Fire losses paid, 


2,764,516 


' 2,327,688 


—436,828 


Fire losses incurred, 


2,738,180 


2,572,185 


—165,995 


Marine risks written, 


174,267,727 


203,625,808 


+29,358,081 


Marine premiums received, 


3,093,074 


3,372,536 


+279,462 


Marine losses paid, . 


1,974,050 


2,349,973 


+375,923 


Marine losses incurred, 


2,085,581 


2,245,102 


+159,521 



Comparative Ratios of Table F. 





1876. 


1877. 


Decrease in 1877. 


Fire premiums received to risks writ- 








ten (premium rate), 


1.13 


1.02 


9.7 per cent. 


Fire losses incurred to risks written, . 


.52 


.44 


15. " " 


Fire losses incurred to premiums re- 








ceived, 


45.8 


42.9 


6.3 " " 


Marine premiums received to risks 








written (premium rate), 


1.77 


1.66 


6.3 " " 


Marine losses incurred to risks writ- 








ten, 


1.20 


1.10 


8.3 " " 


Marine losses incurred to premiums 








received, ..... 


67.4 


66.6 


1.2 » " 



INSURANCE COMMISSIONER. xvii 

From the preceding tables, and the statistical tabulations 
which follow the text, it appears that the companies, as a 
whole, have had a prosperous year. The average of cash 
dividends paid by the joint-stock companies is a trifle over 
twelve and one-half per cent. The income, from interest and 
dividends, upon investments amounts to $6,182,782, which 
sum is $97,930 in excess of the whole amount of dividends 
paid. The situation, however, is not so favorable as may be 
inferred from a hasty perusal of these statistics. The in- 
crease of business in this State is due largely to the renewal 
of term-policies written immediately after the great fire in 
Boston ; and the small increase in the amount of premiums 
received shows the great reduction which has been made in 
the premium rate. The ratio in Table F shows this reduc- 
tion to have been about ten per cent upon the average busi- 
ness ; but it was, in reality, more than this, owing to the 
excess of long-term business in 1877 over that of 1876. The 
average rate at the present time is probably lower than it 
was before the fire in Chicago, in 1871. The ratio of loss to 
premiums received shows, in this State, a favorable reduction ; 
but in the whole business of the companies this ratio has in- 
creased. It is now about fifty-six per cent, as against fifty- 
one per cent in 1876. The increase of the ratio of expenses 
to premium receipts is still more striking : separating the 
marine and fire business in the tables, it is apparent that in 
the latter about forty per cent of the premiums are absorbed 
in expenses. 

The business of the companies varies very much ; and with 
many of them the situation may be briefly stated thus, — 
less expenses, less losses, higher rates, or bankruptcy. 

It will be observed that in the preparation for publication 
in this Report of the statements of companies having deposits 
in certain States, which are made and held for the special 
protection of the citizens of such States, such deposits are not 
admitted as available for the payment of losses in this State. 
In order to economize space, the net deposit above the lia- 
bility in such States is deducted from the gross assets, which 
is equivalent to a deduction of the whole sum, with a further 
deduction from the gross liabilities. In each instance the 
deposits and liabilities are shown by a foot-note. 



xviii REPORT OF THE INSURANCE COM'R. 

Following the text will be found the usual statistical tabu- 
lations. The Insurance legislation of 1877 will be found in 
the Appendix. 

Respectfully submitted, 

S. H. RHODES, 

Insurance Commissioner. 



STATISTICAL TABULATIONS. 



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INSURANCE COMMISSIONER. 



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quitable F. and M. (Provide 
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airfield Fire (So. Norwalk),. 
arragut Fire (New York), . 


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ome (Newark), 
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umboldt (Newark), 

is. Co. of No. America (Phil 

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INSURANCE COMMISSIONER. 



xlv 



Table XII. — Massachusetts Business for 1877. 
Massachusetts Mutual Fire Companies. 



NAME OF COMPANY. 



Abington, . 
Annisquam, 
Arkwright, 
Ashfield, . 
Attleborough, . 

Barnstable County, . 
Berkshire, . 
Boot Manufacturers', 
Boston Manufacturers', 
Bristol County, • 

Cambridge, 

Citizens', . 

Cohasset, . 

Cotton and Woolen Manuf., 

Dedham, . 

Dorchester, 

Essex, 

Fall River Manufacturers', 

Fitchburg (first class), 

Fitchburg (second class), 



Franklin (first class), 

Franklin (second class), 

Granby, 

Groveland, 

Hampshire, 

Hingham, . 

Home, 

Lowell, 

Lynn, .... 

Merchants and Farmers', 

Merrimack, 
Middlesex, . 
Milford, . 
Mill Owners', . 
Mutual Boiler, . 

Mutual Fire Assurance, 
Mutual Protection, . 
Newburyport, . 
Norfolk, . 
Quincy, 

Salem, 

Salisbury and Amesbury, 

Saugus, 

Shelburne, . 

South Dan vers, . 

Traders and Mechanics', 
Wcstfield, . 
"Westford, . 
West Newbury, 
Weymouth and Braintree 

Whately, .... 
Worcester Manufacturers', 
Worcester Mutual, . 

Totals, . . . 



Risks 
Written. 



$774,347 

75,005 

8,909,990 

7,819 

276,760 

972,709 

1,149,434 

733,475 

18,308,750 

550,350 

1,763,047 

5,685,836 

65,261 

443,952 

573,666 

3,815,872 

119,600 

4,174,782 

3,526,328 

624,804 

915,874 
158,813 
108,455 
323,407 
553,700 

2,907,831 
601,134 
766,623 
297,950 

3,202,516 

4,237,254 
4.278,160 

130,310 
3,255,933 

433,600 

681,300 

287,725 

96,100 

3,674,357 

6,693,623 

389,850 
79,272 
839,025 
106,558 
111,475 

3,533,511 

148,750 
112,825 
229,457 
278,575 

832 
7,126,197 
7,653,972 



Premiums 
Received. 



,766,751 



$12,114 

76,782 

42 

2,344 

15,918 
13,767 

6,511 
153,265 

3,407 

24,854 

76,724 

1,100 

5,998 

8,881 

61,442 
2,089 
36,244 
52,087 
11,161 

12,227 

1,252 

513 

7,083 

51,621 
8,079 
8,442 
4,163 

44,617 

50,924 
63,002 

1,549 
30,646 

4,185 

11,873 

2,429 

1,252 

59,514 

95,873 

5,725 
636 

644 

2,527 

50,406 
1,905 
1,070 

4,133 



65,152 
116,429 



Dep. Notes 
Received. 



$1,272,601 



$31,743 
4,980 

383,909 

235 

9,374 

30,521 
34,292 
26,987 
766,327 
70,054 

36,029 
76,724 
4,252 
21,524 
17,584 

90,012 

3.919 

181,220 

52,087 

11,161 

28,112 
2,503 

4,784 
17,706 
17,378 

102,130 
24,298 
25,326 
16,654 
89,234 

89,358 

63,002 

4,148 

153,229 

20,923 

23,600 

6,940 

9,317 

116,576 

95,873 

10,876 

6,357 

100,511 

6,437 

6,682 

50,406 
4,672 
2,140 

13,121 
9,924 

100 

325,762 
232,230 



Losses 
Paid. 



Losses 
Incurred. 



$3,533,243 



$4,257 

35 

23,823 

1,555 

900 

3,890 

10,329 

25 

15,678 

582 

1,458 
22,615 

4,382 
2,140 

23,739 

18 

31,080 

14,614 

6,090 

1,530 
15,551 

624 
4,417 

18,039 

3,998 

707 

177 

18,758 

31 ,523 

22,650 

44 

12,466 



4,828 
405 

14,675 
17,902 

5,317 
373 
151 

50 

12,866 

2,193 

5 

222 

3,683 

662 
25,086 
45,431 



$431,543 



$4,632 

35 

71,162 

1,555 

900 

4,490 

11,286 

7,525 

138.211 

1,739 

638 
20,145 

4,382 
1,220 

27,555 

18 

68,333 

16,613 

3,222 

1,530 
14,156 

1,674 
4,417 

21,657 

4,461 

707 

577 

13,573 

26,370 

22,650 

704 

15,466 



6,628 
405 

32,655 
18,843 

3,545 
373 
551 

50 

12,866 

2,193 

5 

263 

3,367 

787 
64,957 
40,493 



$679,567 



xlvi 



REPORT OF THE 



Table XII. — Massachusetts Business for 1877 — Continued. 
Massachusetts Mutuals with Guarantee Capital. 



NAME OF COMPANY. 


Risks 
Written. 


Premiums 
Received. 


Dep. Notes 
Received. 


Losses 
Paid. 


Losses 
Incurred. 


Holyoke, 

Massachusetts, . . • . 
Mechanics', .... 


$6,252,943 
2,219,865 
3,133,697 


$85,832 
18,609 
32,368 


$85,832 


$27,099 
2,633 
2,499 


$25,950 
2,233 
2,499 


Totals, .... 


$11,606,505 


$136,809 


$85,832 


$32,231 


$30,682 



Massachusetts Mutual Marine and Fire-Marine Companies. 

Fire Business. 



, NAME OF COMPANY. 


Risks 
Written. 


Premiums 
Received. 


Losses 
Paid. 


Losses 
Incurred. 


Boylston Mutual, 

New-England Mutual, .... 


$9,696,559 
1,033,147 


$63,367 
6,865 


$13,133 

664 


$13,556 
664 




$10,729,706 


$70,232 


$13,797 


$14,220 



Marine Business. 



Atlantic Mutual Fire and Marine, 
Boylston Mutual, . 
China Mutual, .... 
Commercial Mutual, . 
Gloucester Mutual Fishing, 



India Mutual, 
New-England Mutual, 
Union Mutual Marine, 



Totals, 



$792,072 
13,889,080 
21,666,599 



3,984,605 
4,604,026 



$44,936,382 



$44,450 
171,296 
409,860 



130,543 
134,290 



$890,439 



$25,941 

148,748 

253,863 

12,940 



86,106 

155,998 

47,353 



$730,949 



$38,316 

124,673 

243,722 

16,595 



88,024 
133,418 



$644,748 



Massachusetts Joint-Stock Companies. 

Fire Business. 



Alliance, 
American, . 
Commonwealth, . 
Dwelling-House, . 
Eliot, . 



Fanueil Hall, 
Firemen's Fire, . 
First National Fire, 
Franklin of Boston, 
Gloucester Fire, . 



Manufacturers' Fire and Marine 
Mercantile Marine, 
Neptune, .... 
North American, 
Prescott, .... 



Revere Fire, 

Shawmut 

Shoe and Leather, 
Springfield Fire and Marine, 
Traders' and Mechanics', . 



Washington, 
Totals, . 



$4,281,895 
3,500,103 
7,595,017 
2,396,493 
2,396,677 

2,647,606 
6,105,084 
4,673,720 
3,447,868 
2,527,448 

12,423,256 
4,101,060 
4,194,111 
3,616,222 
4,921,244 

3,799,836 
2,782,120 
6,868,100 
10,871,888 
2,259,686 

4,147,096 



$99,556,530 



$56,086 
22,893 
53,811 
18,372 
26,103 

29,994 
62,349 
63,695 
32,746 
38,603 

124,760 
18,781 
45,297 
28,529 
54,088 

33,066 
31,219 
74,346 
121,881 
26,992 

32,952 



$996,563 



$19,900 
1,356 

13,690 
3,556 

12,046 

11,316 
22,761 

24,892 

8,470 

26,906 

78,708 
1,905 

22,575 
4,621 

11,649 

5,279 

9,618 

31,047 

55,447 

17,185 

15,520 



$398,447 



$24,833 

1,356 

12,666 

3,556 

14,546 

12,737 
20,116 
26,756 
10,105 
27,393 

80,308 
1,648 

27,575 
4,621 

14,249 

5,438 

9,686 

31,067 

56,355 

17,185 

18,020 



$420,216 



INSURANCE COMMISSIONER. 



xlvii 



Table XII. — Massachusetts Business for 1877 — Continued. 
Marine and Inland Business. 



NAME OF COMPANY. 



Risks 
Written. 



Premiums 
Received. 



Losses 
Paid. 



Losses 
Incurred. 



American 

Beverly, 

Boston Marine, . . . 

Equitable Marine, 

Gloucester Fire, .... 

Manufacturers' Fire and Marine, 
Mercantile Marine, 

Neptune, 

Salem Marine, .... 
Shoe and Leather, 

"Washington, .... 

Totals 



$4,338,543 
15,050 

15,680,269 
294,707 
891,812 

11,691,721 
4,915,692 
2,413,539 
3,450,601 
4,060,028 

6,576,407 



$88,317 
1,413 

499,440 
15,051 
25,711 

133,590 
67,865 
75,500 
73,332 

106,189 

111,826 



$63,945 
3,052 

310,189 
16,518 
11,910 

180,414 
47,928 
78,419 
71,421 
65,341 

143.371 



$54,328,369 



$1,198,234 



$997,508 



$68,143 
3,040 

305,880 
12,235 
14,477 

125,413 

62,272 
59,419 
64,848 
94,276 

100,676 



$910,679 



Companies of other States. 
Fire Business. 



JEtna (Hartford), 
^Etna (New York), . 
American (Newark), . 
American Central (Missouri), . 
American Exchange (New York) , 

American Fire (Philadelphia), . 

Amity (New York), . 

Atlantic (Brooklyn), . 

Atlantic Fire and Marine (Providence), 

Buffalo (Buffalo), 

Buffalo German (Buffalo), 
Citizens' (New York), 
Citizens' (St. Louis), . 
City Fire (New York), 
Clinton (New York) , . 

Columbia (New York) , 
Commerce (Albany), . 
Commerce Fire (New York, 
Commercial Fire (New York) , . 
Commercial Mutual (New York), 

Connecticut (Hartford), . 
Continental (New York), . 
Delaware Mutual (Philadelphia), 
Enterprise (Cincinnati), . 
Equitable (Nashville), 

Equitable Fire and Marine (Providence), 

Exchange (New York), 

Fairfield (Connecticut), 

Farragut (New York), 

Fire Association (Philadelphia), 

Firemen's (Newark), . 
Firemen's (New York), 
Firemen's (Dayton, O.), . 
Fireman's Fund (California), 
Franklin (Pennsylvania), . 

Germania (Newark), . 
Germania (New York), 
German American (New York) 
Girard (Philadelphia), 
Glen's Falls (Glen's Falls, N.Y 

Granite (Richmond), . 
Guardian (New York), 
Hanover (New York), 
Hartford (Hartford), . 



$19,765,496 

323,549 

959,293 

2,641,856 

214,150 

2,939,198 
385,410 

2,409,157 
885,174 

1,031,478 

1,324,030 
1,055,654 
812,802 
1,011,699 
1,928,800 

1,158,035 
1,270,952 

362,182 
1,439,302 

245,300 

4,551,381 
5,390,095 
4,686,552 
1,367,510 
940,048 

1,863,629 
1,519,461 
2,350,743 
427,507 
9,053,040 

1,087,310 

442,707 

188,720 

2,061,127 

6,100,636 

635,918 
2,372,366 
6,268,144 
1,485,913 

857,286 

297,638 

1,010,000 

4,565,553 

10,927,345 



$215,656 

3,309 

6,968 

30,988 

1,302 

25,301 
4,071 

26,312 
8,207 

11,197 

11,285 
'7,131 
12,463 
5,231 
10,687 

13,220 
11,531 

3,044 
12,430 

1,485 

54,199 
49,075 
18,629 
20,201 
14,071 

17,735 

11,085 

24,739 

3,399 

124,702 

8,536 

2,086 

2,217 

29,399 

69,251 

7,175 
22,336 
56,271 
12,014 

8,967 

4,639 

5,872 

44,964 

100,868 



$107,060 

104 

230 

9,051 



4,533 

2 

9,319 

6,975 
9,747 

3,211 

3,074 

5,172 

51 

450 

2,419 

2,194 

20 

1,906 

159 

38,981 

20,932 

12,083 

4,048 

7,164 

8,166 

1,352 

7,046 

185 

59,534 

885 

39 

1,061 

7,867 

17,064 

11,763 

8,042 
21,944 

4,737 
10,135 

2,227 

395 

13,298 

42,218 



$111,772 

104 

230 

6,276 



4,533 

2 

8,532 

6,349 

8,997 

3,067 

3,299 

7,203 

51 

420 

3,419 

2,194 

20 

1,906 

159 

42,791 

21,271 

12,083 

1,603 

5,936 

8,028 

1,542 

4,824 

191 

54,135 



39 

1,061 

9,867 

17,064 

10,486 
8,224 

25,121 
4,402 

10,114 

2,227 

b395 

15,576 

44,913 



xlviii 



REPORT OF THE 



Table XII. — Massachusetts Business for 1877 — Continued. 



NAME OF COMPANY. 



Risks 
Written. 



Premiums 
Received. 



Losses 
Paid. 



Losses 
Incurred. 



Hoffman (New York), 

Home (Newark), .... 

Home (New York) 

Howard (New York), . . • . 

Humboldt (Newark), 

Insurance Co. of No. America (Penn.), 

Insurance Co. of State of Pennsylvania, 
Irving (New York), .... 
Lamar (New York), .... 
Lorillard (New York), 
Manhattan (New York), . 

Manufacturers' (Newark), 
Mercantile (Cleveland), 
Mercantile (New York), . 
Merchants' (Newark), 
Merchants' (New York) , . 

Merchants' (Providence), . 
Meriden (Meriden, Conn.), 
National (Baltimore), 
National (Hartford), .... 
National (New York), 

Newark City (New Jersey), 
Newark Fire (Newark) , . 
New Hampshire (Manchester), 
New York City (New York), . 
New York and Boston (New York), 

Niagara (New York) , 

Northern (Watertown, N.Y.), . 

Northwestern National (Wisconsin), 

Orient (Hartford), . 

Pacific (New York), .... 

Park (New York) ..... 
Pennsylvania (Philadelphia), . 
People's (Newark), .... 
People s (Trenton), .... 
Phenix (Brooklyn) 

Phoenix (Hartford), . . 
Providence Washington (Providence) , 
Relief (New York), .... 
Resolute (New York), 
Ridgewood (New York), . 

Rochester German (Rochester), 
Roger Williams (Providence), . 
Rutgers (New York), 
Safeguard (New York) , 
Security (New Haven), 

Standard (New York) , . . . 

Standard (Trenton), .... 

Star (New York) , 

Sterling (New York), 

St. Joseph Fire and Marine (St. Joseph), 

St. Nicholas (New York) , . 

St. Paul Fire and Marine (Minnesota), 

Toledo (Ohio), 

Trade (Camden), .... 
Traders' (Chicago) 

Union (Philadelphia), 
Union Marine and Fire (Galveston), 
Virginia (Richmond), 
Watertown (Watertown, N.Y.), 
Westchester (Westchester, N.Y.), . 

Williamsburgh City (Brooklyn, N.Y.), 

Totals, 



$1,501,173 

725,967 

16,675,897 

1,080,162 

1,157,322 

13,140,808 

686,752 

475,426 

874,254 

1,220,349 

3,583,035 

1,119,824 

778,779 

616,017 

3,016,941 

1,846,298 

2,665,826 
2,048,909 
482,886 
2,994,065 
2,054,819 

831,388 
744,798 
3,824,007 
379,472 
459,335 

3,305,140 
621,329 
1,381,112 
3,114,023 
2,052,608 

288,920 
6,011,082 
3,244,285 
2,836,290 
8,340,894 

7,080,028 

3,345,099 

1,013,629 

350,992 

655,870 

2,229,461 

1,777,706 

245,581 

963,126 

1,475,753 

423,757 

1,460,168 

435,120 

186,832 

1,583,526 

935,600 

1,609,856 

492,944 

996,171 

1,534,311 

409,251 

461,119 

340,777 

3,753,727 

5,247,190 

1,578,394 



$249,370,326 



$15,255 

5,885 
162,138 

8,655 

14,430 

135,615 

9,216 

5^289 

8,428 

7,121 

39,900 

11,234 

5,892 

1,932 

24,939 

16,139 

31,868 

25,611 

4,798 

27,784 
17,985 

10,802 
7,429 

42,860 
2,321 
3,536 

26,917 
8,027 
10,012 
32,746 
15,107 

1,673 
66,965 
31,469 
23,576 
70,169 

75,149 

33,492 

9,164 

2,987 

3,184 

22,470 

22,878 

1,957 

8,827 

16,129 

3,026 
21,608 

3,710 

731 

19,359 

7,182 
25,274 

6,480 
13,788 
14,478 

3,620 

6,897 

4,962 

32,883 

49,519 

13,192 



$4,672 

421 

68,774 

3,514 

15,174 

56,116 

165 

2,705 

2,404 

644 

26,968 

8,047 

126 

2 

11,682 

2,170 

17,444 

7,001 

2,487 

13,499 

7,656 

6,506 

21,762 
3,405 



18,916 
2,801 
1,614 

11,713 
328 

18 

37,229 

12,098 

9,740 

19,149 

27,024 

14,583 

10,105 

903 

1,799 

7,599 
18,274 

321 
5,233 

1,334 

8,681 
2,975 

12,253 

6,296 
16,835 
4,004 
4,582 
2,902 



3,608 

388 

25,052 

24,746 

6,487 



,480,917 $1,069,777 



1,313 

388 
27,652 
23,194 

6,487 



$1,053,185 



INSURANCE COMMISSIONER. 



xlix 



Table XII. — Massachusetts Business for 1877 - 
Marine and Inland Business. 



Continued. 



NAME OF COMPANY. 


Risks 
Written. 


Premiums 
Received. 


Losses 
Paid. 


Losses 
Incurred. 


Atlantic Mutual (New York) , . 
Commercial Mutual (New York), 
Delaware Mutual (Philadelphia) , 
Great Western (New York) , . 
Insurance Co. of No. America (Phila.), . 

Manhattan (New York) , . 
Mercantile Mutual (New York), 
North- Western National (Milwaukee), . 
Orient Mutual (New York) , 
Pacific Mutual (New York) , 

Phenix (Brooklyn), 

St. Paul Fire and Marine (St. Paul) , 


$9,539,398 

897,617 

29,287,572 

6,339,467 

43,247,810 

11,098 

5,481,116 

789,355 

620,531 

5,066,617 

2,613,970 
97,943 


$220,874 
21,032 

435,306 
49,305 

390,038 

28 

68,539 

8,876 

9,150 

52,836 

17,328 
2,832 


$70,462 
12,390 

180,970 
24,590 

205,712 

43,877 

10,641 

2,677 

52,671 

16,645 
132 


$70,462 
12,390 

170,659 
51,104 

205,712 

43,877 

15,641 

2,677 

84,640 

31,645 
132 




$103,992,494 


$1,276,144 


$620,767 


$688,939 



Foreign Companies. 

Fire Business. 



Commercial Union, 

Guardian Assurance, 

Hamburg-Bremen, 

Imperial, 

La Caisse Generale, 



Lancashire, 

Liverpool and London and Globe, 
London Assurance, 

Northern, 

North British and Mercantile, . 



Queen, . 

Royal, . 

Scottish Commercial, 

Transatlantic, 



Totals, 



$3,512,278 
4,112,766 
1,959,183 
3,637,267 
1,938,676 

4,654,036 

25,805,972 

4,832,724 

3,637,267 

11,586,975 

7,095,226 

17,757,329 

7,209,366 

235,268 



$97,974,333 



$39,854 
30,179 
11,050 
28,446 
22,187 

48,708 

201,354 

42,623 

28,446 

117,023 

76,421 

192,804 

63,391 

3,020 



$905,506 



$20,654 

7,880 

3,724 

12,130 

2,383 

16,155 
47,118 
8,410 
11,590 
51,798 

47,879 
48,452 
25,142 



$303,315 



$19,852 

8,030 

3,724 

12,130 

3,945 

18,127 
58,567 
8,425 
11,590 
50,984 

38,640 
45,166 
22,753 



$301,933 



Canadian Companies. 

Fire Business. 



British America, . 
Royal Canadian, . 
Western Assurance, 

Totals, . 



$3,557,628 
4,909,265 
1,457,227 



$9,924,120 



$33,061 
65,704 
36,731 



$135,496 



$19,418 
47,851 
11,309 



$78,578 



$19,418 
41,609 
11,355 



$72,382 



Marine and Inland Business. 



Royal Canadian, 



$368,563 



$7,719 



REPORT OF THE 



Statement of the Receipts and Expenditures of the Insurance De- 
partment for the Year ending Dec. 31, 1877, 

[Made pursuant to Chapter 267, section 9, Acts of 1867.] 

Receipts. 



Compensation for valuation of life-insurance policies, 


$16,957 77 


Lie nse fees, filing statements, certificates, etc 


» 


19,465 93 




$36,423 70 


Expenditures. 






Stephen H. Rhodes, salary, .... 


$4,000 00 




William S. Smith, Deputy (from March 21, 






1877), 


1,948 93 




George H. Long, Deputy (to Feb. 19, 1877), 


349 70 


$6,298 63 






Clerks. 






Fred L. Cutting, 1st Clerk, .... 


$1,929 03 




James G. Bovey, 2d Clerk, .... 


1,500 00 




Herbert Morrisey, . - . 


1,200 00 


4 629 03 


Extra Clerks and Actuaries. 




TCjVttt/ \JtJ 


C. E. Weis, . 


$765 00 




M. L. McMann, . 








840 00 




A. N. Tenney, 








840 00 




C. L. Sawyer, 








732 55 




A. M. Hawes, 








840 00 




E. L. Johnson, 








840 00 




S. J. P. Leeds, 








840 00 




M. A. Swan, . 








840 00 




E. F. Rhodes, 








840 00 




H. A. Pierce, 








840 00 




E. W. Cushman, . 








840 00 




M. A. Allen, . 








840 00 




William D. Whiting, 








400 00 




T. G. Weld, . 








274 50 




W. S. Smith, 








100 80 








10,672 85 






General Expenses. 






Travelling and other expenses (including 






services of experts in the appraisal of prop- 






erty), in the examination of life-insurance 






companies, ....... 


$1,755 86 




Printing and Binding, ..... 


781 44 




Amounts carried fori 


vard, 




• 


$2,537 30 


$21,600 51 



INSURANCE COMMISSIONER. 



li 



Expenditures — Continued. 



Amounts brought forward , 


$2,537 30 


$21,600 51 


Postage, 


398 86 




Agents and Brokers' Lists, . 1 






190 00 




T. G. Weld, services, 






100 00 




Express on Reports, 






95 34 




Blank Books, .... 






75 00 




Papyrograph and Paper, 






69 00 




Telegrams and Express, 






57 18 




Two volumes Agents' Certificates, 




33 00 




Newspapers, Insurance Publications, etc 


•» 


35 10 




Paper and Envelopes, 




35 35 




Valuation Chart and Tables, . 9 






35 00 




Pens, Pencils, etc., 






22 08 




P. 0. Box, .... 






16 00 




Rubber Bands and Ink, . 






11 00 




Hand- Stamp, 






10 00 




Eraser and Sharpening, 






7 60 




Tin Boxes, .... 






7 00 




Repairs, .... 






7 70 




Miscellaneous, 






7 75 








3,750 26 








$25,350 77 


Recapitulation. 






Expended in Life Department, 


. $15,596 48 




Expended in Fire and Marine Department, 


9,754 29 






$25,350 77 




Department Fees collected and paid int( 


) 




State Treasury, .... 


. 36,423 70 




Surplus accrued to Comm 


onwe; 


ilth, 


. $11,072 93 





MASSACHUSETTS MUTUAL 

FIRE INSURANCE COMPANIES. 



Detailed Statements of Assets and Liabilities, with Abstract 

or Annual Statements, for the Year ending 

Dec. 31, 1877. 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



DETAILED STATEMENTS OF ASSETS AND LIABILITIES. 



ABINGTON MUTUAL FIRE INSURANCE COMPANY, ABINGTON. 

[Incorporated May 30, 1856. Commenced business June 15, 1857.] 

Joseph Yaughn, President. Secretary, Freeman P. Howland. 

Detailed Statement of Stocks, 

United States, 5-20 bonds, 
Chicago city sewerage bonds, 7s, . 

<( it river improvement bonds, 7s, 

" " school bonds, 7s, 

Toledo city water- works bonds, 8s, 
St. Albans town bond, .... 
10 shares State National Bank, Boston, . 
10 " Nat'l Hide and Leather B'k, Boston 
10 " Globe National Bank, Boston, 
15 " City National Bank, Boston, . 
10 " Old Boston National Bank, Boston, 

6 ■" National Bank of Republic, Boston 

5 " National Webster Bank, Boston, 
15 " Metropolitan National Bank, Boston 
15 "_ Middlesex Central Railroad, . 
Union Pacific Railroad bond, 6s, . 
14 shares Northern Pacific Railroad, pref'd, 
Eastern Railroad bond, 7s, . 
Mansfield and Framingham Railroad bonds, 
Old Colony Railroad bonds, . 
Joint note of trustees of Puritan Lodge, * 
" u of New Jerusalem Church, 
" " Union Calvinistic Society, 



ks, Bonds, Etc 


. 


Par value. 


Market value. 


$3,500 00 


$3,767 25 


1,000 00 


1,110 00 


1,000 00 


1,110 00 


1,000 00 


1,110 00 


1,000 00 


1,120 00 


1,000 00 


1,000 00 


1,000 00 


1,095 00 


, 1,000 00 


1,070 00 


1,000 00 


1,092 50 


1,500 00 


1,732 50 


500 00 


647 50 


, 600 00 


789 00 


500 00 


505 62 


, 1,500 00 


1,368 75 


1,500 00 


1,425 00 


1,000 00 


1,042 50 


1,400 00 


140 00 


1,000 00 


527 50 


1,000 00 


893 75 


2,000 00 


2,125 00 


- 


670 00 


- 


200 00 


- 


618 80 




$25,160 67 



Securities held as collateral for cash loans: — 

Market value. Loaned thereon. 
Abiugton Savings Bank book, . , . $1,153 60 $500 00 



1877.] 



INSURANCE COMPANIES. 



Summary of Assets, Dec. 31, 1877. 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens), 
Stocks, bonds, etc., as per schedule, 
Loans on collateral security, as per schedule, . 
Cash in the office of the company, . 

deposited in the Abington National Bank, 

Premiums in course of collection (net), . 

Interest due and accrued, .... 

Office furniture and safe, . . $125 00 

Gross Assets, ...... 



$500 00 




4,925 00 




25,160 67 




500 00 




41 13 




627 63 




485 83 




579 92 






$32,820 18 



Liabilities. 

Losses and claims adjusted, but not due, 
Unearned premiums on outstanding risks, 
Return premiums on cancelled policies, . 
Dividends of profits unpaid, . 
State and local taxes, due or accrued, 
Office and incidental expenses, 

Gross Liabilities, .... 



Surplus, 



$375 00 




18,269 72 




13 87 




423 76 




20 01 




31 00 






19,133 36 






$13,686 82 



Income. 

Gross cash premiums received during the year, $12,805 36 
Deduct return premiums and re-insurance, . 691 18 

Net cash premiums received, .... $12,114 18 

Received for interest on mortgages, 316 60 

for interest from all other sources, .... 1,479 00 
Deposit notes received during the year, . . $31,743 34 

Gross Cash Income, $13,909 78 



Expenditures. 

Gross amount paid for losses during the year, 
Paid for brokerage and commissions, 

for salaries and fees of officers and employees, 

for interest on borrowed money, 

for state and local taxes, .... 

for profit or surplus on terminated policies, . 

for rents, ....... 

for office agency and incidental expenses, 

Gross Cash Expenditures, .... 



$4,257 17 


1,768 44 


1,040 75 


22 85 


135 10 


2,927 33 


25 00 


286 08 


$10,462 72 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Miscellaneous. 



Risks outstanding Dec. 31, 1876, 
written during 1877, 
Total, .... 

Risks terminated during 1877, 
re-insured during 1877, 

Total deductions, . 



52,194,516 00 

774,347 00 
$2,968,863 00 



$872,889 00 
1,000 00 
873,889 00 



Net amount in force Dec. 31, 1877, .... $2,094,974 00 

Deposit notes received on outstanding risks, . . . . 79,360 23 

Losses incurred during the year, . . .... 4,632 17 

Percentage of profits returned during 1877, 10, 20, and 30 per cent. 
Average rate to date, 20 per cent. 

Highest rate of interest received during the year, 8 per cent. 
Highest rate paid, 3^- per cent. 



ANNISQUAM MUTUAL FIRE INSURANCE COMPANY, GLOUCES- 
TER. 

[Incorporated March 11, 1847. Commenced onsinese Dec. 28, 1847.] 

J. Franklin Dyer, President. Secretary, James S. Jewett. 

[Note. — This company charges a cash premium adequate for expenses 
only, and relies upon assessments on deposit notes to pay losses.] 

Summary of Assets, Dec. 31, 1877. 

Loans on mortgage of real estate (first liens), $1,45$ 00 

United States bonds, ..... 212 00 

Loans on personal security, .... 1,425 00 

Cash in the office of the company, . . . 300 59 

deposited in the Salem Savings Bank, . 1,038 91 

deposited in the Cape Ann Savings Bank, 1,239 90 

deposited in the Rockport Savings Bank, 178 55 

Premiums in course of collection (net), . 41 76 

Interest due and accrued, . . . . 167 29 

Office safe and stamps, . . . $85 36 

Gross Assets, . " . . . . • . ■ — • $6,054 00 

Income. 

Received for interest on mortages, . . '.'... $61 31 

for interest from all other sources, .... 71 03 

from all other sources; viz., policy fees, $100; 

expense assessments, $436.42, .... 536 42 

Deposit notes received during the year, . . $4,980 35 

Gross Cash Income, $668 76 



1877.] 



INSURANCE COMPANIES. 



Expenditures. 

Gross amount paid for losses during the year, 
Paid for salaries and fees of officers and employees, 

for State and local taxes, .... 

for assessments returned, .... 

for office agency and incidental expenses, 

Gross Cash Expenditures, .... 



$35 00 


277 


00 


3 


55 


72 


86 


9 


90 



$398 31 



Miscellaneous. 

Risks outstanding Dec. 31, 1376, . 
written during 1877, 
Total, ...... 

Risks terminated during 1877, . ' . 



$353,455 00 
75,005 00 



$428,460 00 
72,380 00 



Net amount in force Dec. 31, 1877, $356,080 00 

Deposit notes received on outstanding risks, .... 24,712 80 

Losses incurred during the year, ...... 35 00 

Highest rate of interest received during the year, 7 per cent. 



ARKWRIGHT MUTUAL FIRE INSURANCE COMPANY, BOSTON. 

[Incorporated Feb. 8, 1860. Commenced business Oct. 1, I860.] 

Waldo Higginson, President. Secretary, Edward H. Sprague. 

Office No. 70 Devonshire Street. 



Detailed Statement of Stocks, Bonds, Etc. 



United States 10-40 bonds, 5s, 

" ' " bonds, 6s, 
Massachusetts gold bonds, 5s, 
Maine bonds, 6s, . 
Cambridge city bonds, 6s, 
Providence city gold bonds, 5s, 
Boston city bonds, 5s, registered 
Boston city bonds, coupon, 
Brookline town bonds, 6s, 
Boston and Maine Railroad bonds, 7s, 
Fitchburg Railroad bonds, 7s, 
Old Colony Railroad bonds, 7s, 1894, 
Boston and Albany Railroad bonds, 7s, 
Conn. River Railroad Mortgage bonds, 6s, 



Par value. 

$10,000 00 
10,000 00 
14,000 00 
12,000 00 
10,000 00 
10,000 00 
10,000 00 

5,000 00 
10,000 00 
10,000 00 
10,000 00 
10,000 00 
10,000 00 

6,000 00 



Market value. 

$10,650 00 
10,650 00 
15,400 00 
13,440 00 
10,600 00 
10,600 00 
11,000 00 
5,200 00 
11,000 00 
11,000 00 
11,300 00 
11,000 00 
11,500 00 
6,000 00 



$137,000 00 $149,340 00 



6 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Summary of Assets, Dec 

Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, . 

deposited in the New England Trust Co. 

deposited in the Columbian Nat'l Bank, 
Interest accrued, ..... 
Gross Assets, . 



81,-1877. 

$149,340 00 

174 24 

21,500 00 

4,706 55 

2,824 78 



$178,545 57 



Liabilities. 

Claimed and reported losses, not adjusted, . $48,839 06 

Unearned premiums on outstanding risks, . 92,815 45 

State and local taxes, due or accrued, . . 327 67 

Gross Liabilities, ..... 



141,982 18 



Surplus, . . $36,563 39 



Income. 

Gross cash premiums received during the year 
Deduct return premiums and re-insurance, 
Net cash premiums received, . 
Received for interest from all sources, 
Deposit notes received during the year, . 
Gross Cash Income, 



$186,989 12 
1,956 48 



$934,945 60 



$185,032 64 
8,714 53 

$193,747 17 



Expenditures. 

Gross amount paid for losses during the year, . 
Paid for salaries and fees of officers and employees, 

for State and local taxes, .... 

for profits or surplus on terminated policies, . 

for rents, ....... 

for office agency and incidental expenses, 

Gross Cash Expenditures, .... 



$39,457 23 
9,500 00 
1,865 00 

124,144 31 
1,090 00 
1,764 07 

$177,820 61 



Miscellaneous. 



$20,129,296 00 
20,810,182 00 



-$40,939,478 00 
20,284,494 00 



Risks outstanding Dec. 31, 1876, . 
written during 1877, 

Total, 

Risks terminated during 1877, 

Net amount in force Dec. 31,1877, .... $20,654,98400 
Deposit notes received on outstanding risks, . . . 928,154 55 

Losses incurred during the year, 88,567 95 

Percentage of profits or surplus returned daring 1877, 69 T 6 ^ per cent. 

Average rate to date, 66 per cent. 

Highest rate of interest received during the year, 7 per cent. 



1877.] INSURANCE COMPANIES. 7 

ASHFIELD MUTUAL FIRE INSURANCE COMPANY, ASHFIELD. 

[Incorporated Jnne 4, 1873, Commenced business July 19, 1873.] 
Henry S. Ranney, President. Secretary, Almon E. Bronson. 

[Note. — Insures property in the Town of Ashfield only.] 

Summary of Assets, Dec. 31, 1877. 
Cash deposited in the Shelburne Falls Savings Bank, . . $50 00 

Gross Assets, $50 00 

Income. 

Cash premiums received during the year, .... $41 65 

Received from assessments on deposit notes, .... 1,554 55 

Deposit notes received during the year, . . $234 56 

Gross Cash Income, $1,596 20 

Expenditures. _ 

Gross amount paid for losses during the year, . . . $1,554 55 

Paid for salaries and fees of officers and employees, . . 26 10 

for State and local taxes, 71 

Gross Cash Expenditures, $1,581 36 

Miscellaneous. 

Risks outstanding Dec. 31, 1876, . . . $158,983 20 

written during 1877, .... 7,819 00 

Total, $166,802 20 

Net amount in force Dec. 31, 1877, $166,802 20 

Deposit notes received on outstanding risks, .... 3,784 36 

Losses incurred during the year, 1,554 55 

Assessments laid on deposit notes 1,554 55 



ATTLEBOROUGH MUTUAL FIRE INSURANCE COMPANY, 

ATTLEBOROUGH. 

[Incorporated, February, 1844. Commenced business, July, 1844.] 

Joseph W. Capron, President. Secretary, H. N. Richardson. 

Office No. 45 Park Street. 

Summary of Assets, Dec 
School district note, .... 
Cash in the office of the company, . 

deposited in various savings banks, 

Premiums in course of collection (net), . 

Gross Assets, 



. 31, 1877. 




$3,167 00 




330 86 




8,368 99 


V 


417 86 






$12,284 71 



8 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Liabilities. 

Unearned premiums on outstanding risks, 
Gross Liabilities, . , 



$4,294 60 



Surplus, 



Income. 

Gross cash premiums during the year, 
Deduct return premiums and re-insurance, 
Net cash premiums received, .... 
Deposit notes rec. during the year, $9,374 00 



$2,343 52 
53 88 



Gross Cash Income, 



Expenditures. 

Gross amount paid for losses during the year, 

Paid for salaries and fees of officers and employees, 

for State and local taxes, .... 

for office agency and incidental expenses, 

Gross Cash Expenditures, .... 



Miscellaneous. 
Risks outstanding Dec. 31, 1876, . 
written during 1877, 

Total, 

Risks terminated during 1877, 

Net amount in force Dec. 31, 1877, 
Deposit notes received on outstanding risks, 
Losses incurred during the year, 



$937,443 00 
276,760 00 



:,294 60 
\990 11 



$2,289 64 



!,289 64 



$900 00 


252 


00 


23 


25 


11 


50 



$1,186 75 



51,214,203 00 
217,599 00 

$996,604 00 

34,356 00 

900 00 



Highest rate of interest received during the year, 6 per cent. 



BARNSTABLE COUNTY MUTUAL FIRE INSURANCE COMPANY, 

YARMOUTH PORT. 

[Incorporated March 2, 1833. Commenced business Aug. 1, 1833.] 

David K. Akin, President. Secretary, George Otis. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States registered bonds, . . . , . $18,000 00 $18,817 50 

Maine State bonds, . . . - . . 2,500 00 2,800 00 

Fall River city bonds, 1,000 00 1,085 00 

Sheboygan city bonds, Wis., .... 75000 60000 

50 shares First National Bank, Yarmouth, . 5,000 00 6,750 00 

30 " Tremont National Bank, Boston, . 3,000 00 3,240 00 

10 " Falmouth National Bank, Falmouth, 1,000 00 1,200 00 

15 " Nat'l Bank of Redemption, Boston, 1,500 00 1,950 00 



1877.] 



INSURANCE COMPANIES. 



9 



4 shares Massachusetts Nat'l Bank, Boston, 
15 " Atlas National Bank, Boston, . 

8 " Shawmut National Bank, Boston, 
20 " National Bank of Commerce, Boston, 

5 " National Bank of Republic, Boston, 
20 " Everett National Bank, Boston, 
14 " Globe National Bank, Boston, . 
63 " Old Colony Railroad, 
Chicago and Eastern Illinois Railroad bonds, 
Iowa Falls and Sioux City Railroad bonds, 
Union Pacific Railroad (1st mort.) bonds, 
Union Pacific land-grant bonds, 
Personal loans, ...... 



$72,859 35 
Securities held as collateral for cash loans : — 

Market value. Loaned thereon. 

3 shares Mashpee Manufacturing Company, . $495 00 $450 00 

Summary of Assets, Dec. 31, 1877. 
Loans on mortgage of real estate (first liens), . $175 00 



, $1,000 00 


$1,110 00 


1,500 00 


1,702 50 


800 00 


944 00 


2,000 00 


2,110 00 


500 00 


656 25 


2,000 00 


2,170 00 


1,400 00 


1,526 00 


6,300 00 


6,048 00 


1,750 00 


775 00 


2,000 00 


1,600 00 


5,000 00 


5,212 50 


5,000 00 


5,150 00 


- 


7,412 60 



Stocks, bonds, etc., as per schedule, 

Loans on collateral security, as per schedule, . 

Cash in the office of the company, . 

deposited in the First National Bank, . 

deposited in savings banks, . 

Interest accrued, 

Office furniture, . . . . $50 00 
Office safes, 200 00 



72,859 35 

450 00 

12 88 

864 57 

4,000 00 

1,107 77 



$250 00 



Gross Assets, 



Liabilities. 

Claimed and reported losses, not adjusted, 
Claims for losses disputed or resisted, 
Unearned premiums on outstanding risks, 
State and local taxes, due or accrued, 
Gross Liabilities, .... 



$350 00 

400 00 

35,853 17 

30 00 



$79,469 57 



Surplus, 



Income. 

Gross cash premiums received during the year, 
Received for interest on mortgages, 
Received for interest from all other sources, . 
Deposit notes received during the year, . 

Gross Cash Income, .... 

2 



$30,521 12 



36,633 17 
$42,836 40 

$15,917 92 

6 13 

4,172 59 

$20,096 64 



10 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Expenditures. 

Gross amount paid for losses during the year, 
Paid for salaries and fees of officers and employees, 

for State and local taxes, 

for profits or surplus on terminated policies, 

for rents, ...... 

for office agency and incidental expenses, 
Loss on bonds sold, ..... 

Premium on stocks bought, .... 



$3,889 87 

2,113 25 
139 31 

9,442 77 
100 00 
217 39 

3,842 00 



$364 58 



Miscellaneous 
Risks outstanding Dec. 31, 1876, . 

written during 1877, . . . 
Total 


. . . . $19,744 59 

$5,155,015 00 
. 972,709 00 

©ft 10T TO/I Art 


Risks terminated during 1877, 

f 


qp 


840,007 00 



Net amount in force Dec. 31, 1877, .... $5,287,71700 

Deposit notes received on outstanding risks, .... 143,412 66 

Losses incurred during the year, 4,489 87 

Percentage of profits or surplus returned during 1877, 80 per cent. 

Average rate to date, 89 per cent. 

Highest rate of interest received during the year, 7 per cent. 



BERKSHIRE MUTUAL FIRE INSURANCE COMPANY, PITTSFIELD. 

[Incorporated March, 1835. Commenced business August, 1835.] 

John C. West, President. Secretary, Albert B. Root. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, ..... $8,000 00 $8,497 30 

Pittsfield National Bank stock, . . . 2,900 00 4,060 00 

Boston and Albany Railroad bonds, . . 4,000 00 4,680 00 

N.Y. Central and Hudson River R.R. stock, . 2,500 00 2,682 25 

Western Union Telegraph Bonds, . . . 4,000 00 4,180 00 

First National Bank of Adams stock, . '. 1,500 00 1,875 00 

Pittsfield First Congregational Parish notes, . - 5,000 00 

" Fire District notes, . . . . - 3,000 00 

" Town notes, - 4,000 00 

Loaned on personal security, . . . .... 15,355 00 

$53,329 55 



Summary of Assets, Dec. 31, 1877. 

Stock, bonds, etc., as per schedule, . . $53,329 55 

Cash in the office of the company, . . . 517 01 

'.' deposited in the Pittsfield National Bank, 1,973 22 

Premiums in course of collection'(net) , . . 1,791 60 

Interest due and accrued, .... 994 50 
Office furniture, etc., . . . $994 25 

Gross Assets, . . . . . . 



$58,605 88 



1877.] 



INSURANCE COMPANIES. 



11 



Liabilities. 

Losses and claims adjusted, but not due, 
Claims for losses disputed or resisted, 
Owing for borrowed money, secured by gov 

ernment bonds, .... 
Unearned premiums on outstanding risks, 
Dividends of profits unpaid, . 
Office and incidental expenses, 

Gross Liabilities, .... 



$310 00 
710 20 

1,500 00 

34,908 20 

50 00 

160 37 



$37,638 77 



Surplus, $20,967 11 

Income. 

Gross cash premiums received during the year, $13,766 62 
Deduct return premiums and re-insurance, . 836 06 

Net cash premiums received, . . . . $12,930 56 

Received for interest from all sources, ..... 2,828 30 
Deposit notes received during the year, . . $34,292 07 



Gross Cash Income, 



Expenditures. 



Gross amount paid for losses during the year, 
Paid for brokerage and commissions, 

for salaries and fees of officers and employees, 

for State and local taxes, .... 

for profits or surplus on terminated policies, . 

for rents, ....... 

for office agency and incidental expenses, 



Gross Cash Expenditures, 



$15,758 86 



$10,329 06 

1,481 86 

1,708 69 

125 72 

2,164 40 

300 00 

897 91 

$17,007 64 



Miscellaneous. 



Risks outstanding Dec. 31, 1876, 
written during 1877, 
Total, 
Risks terminated during 1877, 



£5,319,312 94 
1,149,434 00 



1,468,746 94 
874,472 50 



Net amount in force Dec. 31, 18/7, $5,594,274 44 

Deposit notes received on outstanding risks, .... 147,374 42 
Losses incurred during the year, . . .... 11,265 64 

Percentage of profits or surplus returned during 1877, 25 per cent. 
Average rate to date, 55 per cent. 

Highest rate of interest received during the year, 7^ per cent. 
Highest rate paid, 6 per cent. 



12 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



BOOT MANUFACTURERS' MUTUAL FIRE INSURANCE 
COMPANY, BOSTON. 

[Incorporated Aug. 31, 1876. Commenced business Sept. 1, 1876.] 

C. A. Grinnell, President. Secretary, T. F. Boynton. 

Office, No. 109 Summer Street. 

Summary of Assets, Dec. 31, 1877. 

Cash deposited in the Nat. Bank of Redemption, $4,271 08 
Premiums in course of collection (net), . . 692 27 

Interest accrued, . . . . . . .8 36 

Office furniture and fixtures, . . $300 00 

Gross Assets, $4,971 71 



Liabilities. 

Claimed and reported losses, not adjusted, 
Unearned premiums on outstanding risks 
Return premiums on cancelled policies, . 
State and local taxes, due or accrued, 
Office and incidental expenses, 

Gross Liabilities, .... 

Balance against the Company, . 



$7,500 00 

3,644 40 

169 63 

18 25 

147 08 



11,479 36 
$6,507 65 



Income. 

Gross cash premiums received during the year, 
Deduct return premiums and re-insurance, 
Net cash premiums received, .... 
Received for interest from all sources, 
Deposit notes received during the year, . 



Gross Cash Income, 



$7,437 92 




296 62 






$7,141 30 




. 


78 43 


$29,997 26 





',219 73 



Expenditures. 

Gross amount paid for losses during the year, 
Paid for brokerage and commissions, 

for salaries and fees of officers and employees, 

for State and local taxes, .... 

for profits or surplus on terminated policies, . 

for rents, ....... 

for office agency and incidental expenses, 

Gross Cash Expenditures, .... 



$1,015 


97 


8 


87 


2,011 


55 


54 


55 


1.260 


43 


275 


26 


865 


98 



55,492 61 



1877.] 



INSURANCE COMPANIES. 



13 



Miscellaneous. 

Risks outstanding Dec. 31, 1876, . 
written during 1877, 

Total, 

Risks terminated during 1877, 



Net amount in force Dec. 31, 1877, . .... $828,475 00 

Deposit notes received on outstanding risks, .... 29,997 26 

Losses incurred during the year, 8,515 97 

Percentage of profits or surplus returned 1877, 30 per cent. 
Highest rate of interest received during the year, 2^- per cent. 



$525,625 00 
880,000 00 



-$1,405,625 00 
. 577,150 00 



BOSTON MANUFACTURERS' MUTUAL FIRE INSURANCE 
COMPANY, BOSTON. 

[Incorporated March 15, 1850. Commenced business Oct. 14, 1850.] 

Edward E. Manton, President. Secretary, William B. Whiting. 

Office, No. 131 Devonshire Street. 



Detailed Statement of Stocks, Bonds, Etc. 



Brookline town bonds, 7s, 
Boston city bonds, 6s, 
Cambridge city bonds, 6s, 
Lawrence city bonds, 6s, 
Holyoke city bonds, 6s, . 
Manchester city bonds, 6s, 
Lynn city bonds, 6s, 
Somerville city bonds, 6^-s, 
Corporation notes, indorsed, 



Par value. 

20,000 00 
30,000 00 
25,000 00 
35,000 00 
10,000 00 
20,000 00 
30,000 00 
75,000 00 



Summary of Assets, Dec. 31, 1877. 

Stock, bonds, etc., as per schedule, . . $356,900 00 

Cash in the office of the company, . . . 3,384 28 

deposited in the New England Bank, . 29,675 21 

Premiums in course of collection (net), . . 514 85 

Interest due and accrued, .... 6,764 70 
Office furniture, .... $1,000 00 

Gross Assets, 

Liabilities. 

Losses and claims adjusted, but not due, . $44,490 09 

Claimed and reported losses, not adjusted, . 78,043 28 

Unearned premiums on outstanding risks, . 178,915 67 

State and local taxes, due or accrued, . . 259 94 

Gross Liabilities, '. 



Market value. 

$23,400 00 
31,200 00 
27,625 00 
38,325 00 
10,850 00 
21,400 00 
32,925 00 
78,175 00 
93,000 00 



$356,900 00 



$397,239 04 



301,708 98 



Surplus, $95,530 06 



14 MASSACHUSETTS MUTUAL FIRE [Dec. 31, 

Income. 

Gross cash premiums received during the year, $ 359, 125 00 
Deduct return premiums and re-insurance, . 4,377 04 

Net cash premiums received, .... $354,747 96 

Received for interest from all sources, ..... 19,229 37 
Deposit notes received during the year, . $1,789,156 70 



Gross Cash Income, $373,977 33 

Expenditures. 

Gross amount paid for losses during the year, . . . p $44,984 96 

Paid for salaries and fees of officers and employees, . . 22,338 00 

for State and local taxes, 1,035 65 

for profits or surplus on terminated policies, . . . 244,713 58 

for rents, 1,150 00 

for office agency and incidental expenses, . . . 5,199 06 



Gross Cash Expenditures, $319,421 25 

Miscellaneous. 

Risks outstanding Dec. 31, 1876, . $41,272,244 00 

written during 1877, . . . 41,904,200 00 

Total, ' $83,176,444 00 

Risks terminated during 1877, 41,384,444 00 

Net amount in force Dec. 31, 1877, ..... $41,792,000 00 
Deposit notes received on outstanding risks, . . . 1,789,156 70 

Losses incurred during the year, 167,929 22 

Percentage of profits or surplus returned during 1877, 69 T 6 ^ per cent. 

Average rate to date, 66;^ per cent. 

Highest rate of interest received during the year, 7 per cent. 



BRISTOL COUNTY MUTUAL FIRE INSURANCE COMPANY, 

NEW BEDFORD. 

[Incorporated Feb. 13, 1829. Commenced business July 4, 1829.] 

Wm. H. Taylor, President. Secretary, Geo. N. Alden. 

Office, No. 44 North Water Street. 

[Note. — Policies are all issued for seven years; the premium is se- 
cured by notes assessable as required, and five per cent, on the notes is 
received in cash when the policy is issued.] 

Summary of Assets, Dec. 31, 1877. 

Cash in the office of the company, . . . $97 34 

deposited in the Mechanics Nat'l Bank, 435 14 

Premiums in course of collection (net), . . 277 00 

Bills receivable, . . . . . . 25 28 

Gross Assets, $834 76 



1877.] 



INSURANCE COMPANIES. 



15 



Liabilities. 

Losses and claims adjusted, but not due, . $1,156 41 

Owing for borrowed money, . . . . 5,500 00 

State and local taxes, due or accrued, . . 6 10 

Gross Liabilities, ' 

Income. 

Gross cash premiums received during the year, $3,902 60 

Deduct return premiums and re-insurance, . 127 30 

Net cash premiums received, .... 

Received from assessments on deposit notes, .... 

Deposit" notes received during the year, . . $77,412 00 



Gross Cash Income, 



Expenditures. 
Gross amount paid for losses during the year, 
Paid for brokerage and commissions, 

for salaries and fees of officers and employees 

for interest on borrowed money, 

for state and local taxes, 

for office agency and incidental expenses, 

Gross Cash Expenditures, 



!,662 51 



$3,775 30 
14 08 



$3,789 38 



$905 


09 


156 


83 


1,975 


00 


349 


50 


40 05 


199 


26 



$3,625 73 



Miscellaneous. 
Risks outstanding Dec. 31, 1876, . . $5,638,700 00 
written during 1877, .... 602,350 00 

Total, ....... 

Risks terminated during 1877, 



Net amount in force Dec. 31, 1877, 
Deposit notes received on outstanding risks, 
Losses incurred during the year, 
Highest rate paid, 6 per cent. 



-$6,241,050 00. 

. 801,800 00. 

$5,439,250 00 

. 697,395 00 

2,061 50. 



CAMBRIDGE MUTUAL FIRE INSURANCE COMPANY, 

CAMBRIDGE. 

[Incorporated March 13, 1833. Commenced business Jan. 1, 1834.] 

Rufus Lamson, President. Secretary, Alfred L. Barbour. 

Office, No. 555 Main Street, Cambria 1 geport. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

Cambridge city bonds, . . . . ' . $10,900 00 $12,208 00 

Bath city bonds, 3,000 00 3,090 00< 

Cincinnati city bond, 5,000 00 5,175 00- 



16 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Portland city bond, 

5 shares Cambridgeport National Bank, 
15 " National City Bank, 

1 " Framingham National Bank, . 
Eastern Railroad bond, . 
Personal loans, 



59,000 00 
500 00 

1,500 00 
100 00 

1,500 00 



Summary of Assets, Dec. 31, 1877. 



Loans on mortgage of real estate (first liens), 
Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, . 

deposited in various banks, 

Premiums in course of collection (net), 

Interest due and accrued, 

Office furniture, safes, etc., . . $2,000 00 

Gross Assets, 



$47,790 00 

37,483 00 

743 23 

6,457 81 

1,429 22 

1,686 33 



$9,720 00 

750 00 

2,250 00 

145 00 

795 00 

3,350 00 

$37,483 00 



$95,589 59 



Liabilities. 

Unearned premiums on outstanding risks, 
Dividends of profits unpaid, . 
Office and incidental expenses, 

Gross Liabilities, .... 



$37,832 76 
159 45 
562 88 



38,555 09 



Surplus, $57,034 50 



Income. 

Gross cash premiums received during the year, 
Received for interest on mortgages, 

for interest from all other sources, . 
Deposit notes received during the year, 



$24,854 35 
2,736 04 
2,242 01 



$36,029 22 



Gross Cash Income, $29,832 40 



Expenditures. 

Gross amount paid for losses during the year, 
Paid for brokerage and commissions, 

for salaries and fees of officers and employees, 

for State and local taxes, .... 

for profits or surplus on terminated policies, . 

for rents, . . . . . . . 

for office agency and incidental expenses, 

Gross Cash Expenditures, . • . • 



$1,458 40 


1,863 


18 


3,588 


67 


181 


14 


9,009 


65 


400 


00 


1,347 31 


$17,848 35 



1877.] 



INSURANCE COMPANIES. 



17 



Miscellaneous. 

Risks outstanding Dec. 31, 1876, . 
written during 1877, 

Total, 

Risks terminated during 1877, 



^4,840,314 00 
1,763,047 00 



56,603,361 00 
1,618,550 00 



Net amount in force Dec. 31, 1877, . ... $4,984,811 00 

Deposit notes received on outstanding risks, .... 88,133 38 

Losses incurred during the year, . . .... 637 Q6 

Percentage of profits or surplus returned during 1877, 30-40-50 per cent. 

Average rate to date, 40 per cent. 

Highest rate of interest received during the year, 8 per cent. 



CITIZENS' MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated March 7, 1846. Commenced business, Oct. 5, 1846.] 

Henry C. Bigelow, President. Secretary, Joseph W. Peabody. 

Office, No. 4® Congress Street. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds $68,000 00 $72,420 00 

30 shares Hide and Leather National Bank, . 3,000 00 3,210 00 
6 " Boston and Lowell Railroad, . . 3,000 00 2,160 00 



$74,000 00 $77,790 00 



Summary of Assets, Dec. 31, 1877. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens), 
Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, . 

deposited in the Nat'l Exchange Bank, 
Premiums in course of collection (net), . 
Interest due and accrued, 
Notes receivable, ..... 
Gross Assets, ..... 

Liabilities. 
Unearned premiums on outstanding risks^ 
Dividends of profits unpaid, . 
Office and incidental expenses, 

Gross Liabilities, .... 



$39,500 00 

107,706 00 

77,790 00 

3,604 55 

3,724 31 

11,204 79 

6,757 65 

328 64 



$157,983 95 

3,000 00 

595 83 



$250,615 94 



161,579 78 



Surplus, $89,036 16 

Income. 

Gross cash premiums received during the year, $78,175 96 



Deduct return premiums and re-insurance, 
Net cash premiums received, . 
3 



5,088 45 



$73,087 51 



18 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Received for interest on mortgages, 

for interest from all other sources, 
for rents, .... 

Deposit notes received during the year, . 



$76,846 40 



Gross Cash Income, 



Expenditures. 



Gross amount paid for losses during the year, . 
Paid for brokerage and commissions, 

for salaries and fees of officers and employees 

for State and local taxes, 

for profits or surplus on terminated policies, 

for rents, ...... 

for office agency and incidental expenses, 



Gross Cash Expenditures, 



Miscellaneous. 



Risks outstanding Dec. 31, 1876, 
written during 1877, 
Total, .... 
Risks terminated during 1877, 



$20,385,991 00 
5,696,336 00 



$6,443 02 
4,130 25 
1,458 18 

$85,118 96 



23,806 72 

10,793 59 

6,718 13 

754 09 

31,654 07 

5,145 33 

2,304 12 

$81,176 05 



$26,082,327 00 
4,885,928 00 



Net amount in force Dec. 31, 1877, .... $21,196,399 00 
Deposit note's received on outstanding risks, . . . 315,967 91 

Losses incurred during the year, ..... 20,236 38 

Percentage of profits or surplus returned during 1877, 50 per cent, on 1 

and 3 years, 60 on 5, and 80 on 7 years. 
Highest rate of interest received during the year, 9 per cent. 



CITY MUTUAL FIRE INSURANCE COMPANY, BOSTON.* 

[Incorporated April 11, 1846. Commenced business August, 1846.] 

Aaron D. Williams, President. Secretary, Edward Richards. 

Office, No. 23^8 Washington Street. 

Summary of Assets, Dec. 31, 1877. 



10 shares Rockland Bank, . 
Cash deposited in the Institution for Savings, 
Interest due and accrued, . . 
Loaned on personal security, . 

Gross Assets, ...... 

Liabilities. 
Unearned premiums on outstanding risks, 
Gross Liabilities, . 



$1,400 00 

8,038 60 

2,000 00 

500 00 



$25 00 



$11,938 60 



25 00 



Surplus, .......... $11,913 60 

* Closing up. 



1877.] INSURANCE COMPANIES. 19 

Income. 
Received for interest from all sources, $35 00 



Gross Cash Income, $35 00 

Expenditures. 

Paid for salaries and fees of officers and employees, . . $320 00 

for profits or surplus on terminated policies, . . 1,311 94 

for office agency and incidental expenses, . . . 309 75 

Gross Cash Expenditures, $1,941 69 

Miscellaneous. 

Risks outstanding Dec. 31, 1876, $301,500 00 

terminated during 1877, 299,000 00 



Net amount in force Dec. 31, 1877, $2,500 00 

Deposit notes received on outstanding risks, .... 50 00 



COHASSET MUTUAL FIRE INSURANCE COMPANY, COHASSET. 

[Incorporated March 18, 1845. Commenced business March 1, 1846.] 

Maktin Lincoln, President. Secretary, J. Q. A. Lothrop. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

9 shares City National Bank, .... $900 00 $1,044 00 
3 " Merchants' National Bank, . . 300 00 420 00 

Town of Cohasset note, 1,000 00 



$2,464 00 



Summary of Assets, Dec. 31, 1877. 

Stocks, bonds, etc., as per schedule, . . $2,464 00 

Cash in the office of the company, . . . 235 77 

deposited in the Cohasset Savings Bank, 1,196 69 

deposited in the Hingham Savings Bank, 1,112 90 

Premiums in course of collection (net), . . 28 60 

Interest accrued, 73 00 

Office furniture and safe, . . $140 00 

Gross Assets, $5,110 96 

Liabilities. 

Claims for losses disputed or resisted, . . $1,679 50 

Unearned premiums on outstanding risks, . 3,220 57 

Gross Liabilities, 4,900 07 

Surplus, $210 89 



20 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Income. 

Gross cash premiums received during the year, 
Received for interest from all sources, 

from policy fees, .... 
Deposit notes received during the year, . 



$1,099 71 

1S2 45 

97 81 



$4,252 40 



Gross Cash Income, $1,379 97 

Expenditures. 

Paid for brokerage and commissions, 

for salaries and fees of officers and employees, 
for State and local taxes, 
for profits or surplus on terminated policies, 
for rents, ...... 

for office agency and incidental expenses, 



Gross Cash Expenditures, 

Miscellaneous. 

Risks outstanding Dec. 31, 1876, . 
written during 1877, 

Total, 

Risks terminated during 1877, 



$86 70 


565 56 


5 22 


469 12 


40 00 


25 00 



$1,191 60 



$384,101 00 
65,261 00 



$449,362 00 
66,387 00 



Net amount in force Dec. 31, 1877, $382,975 00 

Deposit notes received on outstanding risks, - 25,764 16 

Percentage of profits or surplus returned during 1877, 50 per cent. 

Average rate to date, 65 per cent. 

Highest rate of interest received during the year, 7 per cent. 



COTTON AND WOOLEN MANUFACTURERS' MUTUAL INSUR- 
ANCE COMPANY; OF NEW ENGLAND, BOSTON. 

[Incorporated Oct. 19, 1875. Commenced business Oct. 20, 1875.] 

Wm. C. Plunkett, President. Secretary, B. F. Taft. 

Office, No. 131 Devonshire Street. 

[Note. — At the annual meeting of this company, held Jan. 17, 1878, 
it was voted to adopt the provisions of sect. 3 of chap. 198 of the Acts of 
1877; and twenty per cent of the profits Will hereafter be retained, as a 
permanent reserve fund, for the protection of the insured.] 



Summary of Assets, Dec 

Cash in the office of the company, . 

deposited in the Eliot National Bank, 
Premiums in course of collection (net), . 
Rent accrued, ..... 

Gross Assets, ..... 



. 31, 1877. 

$356 53 

7,264 69 

2,611 37 

42 00 


$10,274 59 



1877.] 



INSUKANCE COMPANIES. 



21 



Liabilities. 
Unearned premiums on outstanding risks, 
State and local taxes, due or accrued, 
Gross Liabilities, .... 



1,912 83 
41 90 



Surplus, . 

Income. 

Gross cash premiums received during the year, 
Received for interest from all sources, 

for rents, ...... 

Deposit notes received during the year, . 



$61,949 83 



Gross Cash Income, 



$6,954 73 
$3,319 86 



$13,217 52 

138 28 

8 33 



Expenditures. 

Gross amount paid for losses during the year, 
Paid for brokerage and commissions, 

for salaries and fees of officers and employees 

for State and local taxes, 

for profits or surplus on terminated policies, 

for rents, . 

for office agency and incidental expenses, 

Gross Cash Expenditures, 

Miscellaneous. 
Risks outstanding Dec. 31, 1876, . . . $877,863 50 
written during 1877, .... 802,154 00 

Total, 

Risks terminated during 1877, 

Net amount in force Dec. 31, 1877, 

Deposit notes received on outstanding risks, 

Losses incurred during the year, 

Highest rate of interest received during the year, 2£ per cent. 



$13,364 13 


$4,516 17 


124 68 


2,619 97 


135 99 


135 50 


300 00 


1,758 09 



$9,590 40 



-$1,680,017 50 

. 573,783 50 

. 1,106,234 00 

61,949 83 

4,516 17 



DEDHAM MUTUAL FIRE INSURANCE COMPANY, DEDHAM. 

[Incorporated Feb. 22, 1837. Commenced business July 1, 1837.] 

Geo. B. Faunce, President. Secretary, Preston R. Mansfield. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, $6,000 00 $6,244 00 

Chicago city bonds 2,000 00 2,140 00 

Cincinnati city bonds, ..... 6,000 00 6,000 00 

New England Mortgage Security bonds, . . 6,000 00 6,300 00 

Philadelphia and Reading Railroad bonds, . 5,000 00 5,000 00 

Marquette and Ontonagon Railroad 1st mort., 8,000 00 7,680 00 

12 shares Dedham National Bank . . . 1,200 00 1,440 00 



$34,200 00 $34,804 00 



22 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Summary op Assets, Dec. 31, 1877. 
Loans on mortgage of real estate (first liens), $11,800 00 



Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, . 

deposited in bank . 
Premiums in course of collection (net), 
Interest due and accrued, 

Gross Assets, .... 



34,804 00 

1,730 02 

2,386 02 

1,221 36 

946 64 



$52,888 04 



Liabilities. 



Unearned premiums on outstanding risks, 
Return premiums on cancelled policies, . 
Dividends of profits unpaid, . 

Gross Liabilities, .... 


$9,659 84 

13 35 

1,641 58 





11,314 77 
$41,573 27 



Income. 

Gross cash premiums received during the year, 
Received for interest on mortgages, 

for interest from all other sources, . 
Deposit notes received during the year, . 



Gross Cash Income, 



$17,583 98 



$8,880 68 
797 50 

2,477 97 

$12,156 15 



Expenditures. 

Gross amount paid for losses during the year, 
Paid for brokerage and commissions, , . 

for salaries and fees of officers and employees, 

for State and local taxes, .... 

for profits or surplus on terminated policies, . 

for rents, ....... 

for office agency and incidental expenses, 

Gross Cash Expenditures, .... 



$2,139 87 

1,332 10 

1,016 43 

114 35 

2,107 17 

200 00 

331 03 

$7,240 95 



Miscellaneous. 

Risks outstanding Dec. 31, 1876, . . . $971,275 50 
written during 1877, .... 573,666 50 

Total, $1,544,942 00 

Risks terminated during 1877, 430,285 88 

Net amount in force Dec. 31, 1877, ..... 1,114,656 12 

Deposit notes received on outstanding risks, .... 38,639 36 

Losses incurred during the year, . . .... 1,219 87 

Percentage of profits or surplus returned during 1877, 33^ to 50 per cent. 
Highest rate of interest received during the year, 8 per cent. 



1877.] 



INSURANCE COMPANIES. 



23 



DORCHESTER MUTUAL FIRE INSURANCE COMPANY, BOSTON. 

[Incorporated February, 1855. Commenced business July 1, 1856.] 

Edmund J. Baker, President. Secretary, Wm. F. Temple. 

Office, at Neponset. • 

Detailed Statement of Stocks, Bonds, Etc. 

Market value. 

United States 4£ per cent, bonds, . . . $20,000 00 $21,000 00 
United States 5-20 bonds, 
75 shares Blue Hill National Bank, 



30 " Columbian National Bank, 
20 " Howard National Bank, 
20 " Continental National Bank, 
12 " Hide and Leather National Bank, 
10 " New England National Bank, 
213 " Boston and Albany Railroad Co., 
140 " Old Colony Railroad Co., 
Boston and Lowell Railroad bonds, 
Old Colony Railroad bonds, . 



Par value. 

$20,000 00 

5,300 00 

7,500 00 

3,000 00 

2,000 00 

2,000 00 

1,200 00 

1,000 00 

21,300 00 

14,000 00 

5,000 00 

6,000 00 



5,618 00 
7,950 00 
4,080 00 
2,220 00 
2,020 00 
1,320 00 
1,340 00 
26,625 00 
13,440 00 
5,100 00 
6,150 00 



$88,300 00 $96,863 00 



Summary of Assets, Dec. 31, 1877. • 

Cash value of unencumbered real estate, . $25,000 00 

Loans on mortgage of real estate (first liens), 22,500 00 

Stock, bonds, etc., as per schedule, . . 96,863 00 

Cash deposited in the Eliot National Bank, . 2,958 08 

deposited in the New England Trust Co., 14,482 65 

Premiums in course of collection (net), . . 11,911 62 

Unpaid assessment on deposit notes, . . 100 00 

Interest due and accrued, . . . . 1,150 25 

Gross Assets, 

Liabilities. 

Losses and claims adjusted, but not due, . $2,866 67 

Claimed and reported losses, not adjusted, . 2,080 00 

Unearned premiums on outstanding risks, . 95,311 51 

Gross Liabilities, .... 



$174,965 60 



Surplus, 



Income. 

Gross cash premiums received during the year, 

Deduct return premiums and re-insurance, 

Net cash premiums received, . 

Received for interest on mortgages, 

for interest from all other sources, 
for assessments on deposit notes, 
for rents, .... 

Deposit notes received during the year, . 

Gross Cash Income, 



$61,441 56 
1,629 12 



,012 40 



100,258 18 
$74,707 40 



$59,812 44 

1,380 00 

6,038 24 

284 30 

1,058 89 

$68,573 87 



24 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Expenditures. 

Gross amount paid for losses during the year, 
Paid for brokerage and commissions, 

for salaries and fees of olficers and employees 

for State and local taxes, : 

for profits or surplus on terminated policies, 

for rents, ...... 

for office agency and incidental expenses, 

Gross Cash Expenditures, 



$23,738 56 

9,813 13 

4,922 46 

919 91 

20,859 73 

300 00 

1,083 31 

,637 10 



Miscellaneous. 



Risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, 

Risks terminated during 1877, 



$11,168,164 00 
3,815,872 00 



$14,984,036 00 
3,972,793 00 



. $11,011,243 00 

219,387 89 

27,555 23 



Net amount in force Dec. 31, 1877, 

Deposit notes received on outstanding risks 

Losses incurred during the year, . 

Percentage of profits or surplus returned during 1877, 15 to 40 per cent. 

Average rate to date, 30 per cent. 

Highest rate of interest received during the year, 7 per cent. 

Highest rate paid, 6 per cent. 



ESSEX MUTUAL FIRE INSURANCE COMPANY, SALEM. 

[Incorporated June 11, 1829. Commenced business Sept. 5, 1829.] 

Stephen B. Ives, President. Secretary, Charles S. Nichols. 

Office, No. 97 Washington Street. 



Detailed Statement 


of Stocks, Bonds, Etc. 




Par value. 


Market value. 


United States 5-20 registered bonds, . . $1,000 00 


$1,050 00 


" " " " 1881, 


500 00 


525 00 


Oregon war-loan, ..... 


1,000 00 


1,050 00 


Springfield city bonds, 7s, 








1,000 00 


1,180 00 


Cleveland ' 


' " 7s, 








1,000 00 


1,100 00 


a < 


' " 6s, 








1,000 00 


1,025 00 


Toledo ' 


' " 8s, 








1,000 00 


1,080 00 


«( i 


< " 7s, 








1,000 00 


1,020 00 


Chicago * 


< " 7s, 








1,000 00 


1,070 00 


Chicago ' 


' " 6s, 








1,000 00 


1,000 00 


Cincinnati ' 


i U 7 3 q 








1,000 00 


980 00 


Cincinnati ' 


< " 6s, 








1,000 00 


1,000 00 


Newburyport city bonds, 6s, 








1,000 00 


1,090 00 


Portland 


" " 6s, , 








1,000 00 


1,035 00 



1877.] 



INSURANCE COMPANIES. 



25 



Hartford city bonds, 6s, 
Brooklyn " " 6s, 

St. Louis Co. " 6s, 

Louisville city " 
Fall River " " 6s, 

14 shares Salem National Bank, 
11 " Asiatic " " 

15 " Cambridge Horse Railroad, 
Old Colony Railroad bonds, 7s, 
Central Pacific " " 7s, 
Michigan Cent'l " " 8s, 
Essex " " 6s, 
Eastern " " 
20 shares Salem Gas Light Company, 

16 " Lynn " " 



Summary of Assets, Dec 

Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, . 
Premiums in course of collection (net), . 
Interest due and accrued, 

Gross Assets, 

Liabilities. 

Unearned premiums on outstanding risks, 
Dividends of profits unpaid, . 
Office and incidental expenses, 

Gross Liabilities, .... 



$1,000 00 


$1,070 00 


1,000 00 


1,060 00 


1,000 00 


1,050 00 


1,000 00 


975 00 


1,000 00 


1,090 00 


1,400 00 


1,638 00 


330 00 


462 00 


. - 1,500 00 


1,620 00 


1,000 00 


1,100 00 


1,000 00 


1,030 00 


1,000 00 


920 00 


1,500 00 


750 00 


2,000 00 


1,050 00 


2,000 00 


1,940 00 


1,600 00 


1,440 00 


$31,830 00 


$31,400 00 


. 31, 1877. 




. $31,400 00 




1,634 87 




81 00 




630 56 






$33,746 43 



Surplus, 



$11,333 14 

97 05 

237 17 



11,667 36 
$22,079 07 



Income. 

Gross cash premiums received during the year, 
Deduct return premiums and re-insurance, 
Net cash premiums received, .... 
Received for interest from all sources, 
Deposit notes received during the year, . 



$2,113 40 
144 00 



1,919 50 



Gross Cash Income, 



Expenditures. 
Gross amount paid for losses during the year, . 
Paid for brokerage and commissions, 

for salaries and fees of officers and employees, 

for State and local taxes, .... 

for profits or surplus on terminated policies, . 

for office agency and incidental expenses, 

Gross Cash Expenditures, . . . , . 



$1,969 40 
2,004 65 

$3,974 05 



$18 00 

1 40 

857 00 

12 37 
993 50 

55 57 

,937 84 



26 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Miscellaneous. 
Risks outstanding Dec. 31, 1876, . 
written during 1877, 

Total, 

Risks terminated during 1877, 



$990,900 00 
119,600 00 



1,110,500 00 

147,250 00 



Net amount in force Dec. 31, 1877, . .... $963,250 00 

Deposit notes received on outstanding risks, .... 67,998 84 

Losses incurred during the year, 18 00 

Percentage of profits or surplus returned during 1877, 32 per cent. 

Average rate to date, 55 per cent. 

Highest rate of interest received during the year, 8 per cent. 



FALL RIVER MANUFACTURERS' MUTUAL FIRE INSURANCE 
COMPANY, FALL RIVER 

[Incorporated Feb. 17, 1870. Commenced business May 1, 1870.] 

Stephen Da vol, President. Secretary , Isaac B. Chace. 

Office, Section "C," Granite Block. 

% 

Detailed Statement of Stocks, 



Old Colony Railroad bonds, 
Fall River city bonds, 
Worcester city bonds, 
Lawrence city bonds, 
Boston city bonds, . 
Brookline town bonds, 
United States bonds, 
Corporation notes, . 



Summary of Assets, Dec. 31, 1877. 

Stocks, bonds, etc., as per schedule, 

Cash in the office of the company, . 

deposited in B. M. Durfee & Co.'s bank, 
deposited in the Fall River savings banks, 

Premiums in course of collection (net), . 

Interest accrued, ...... 

Office furniture, . . . . $500 00 
Gross Assets, ...... 

Liabilities. 

Losses and claims adjusted, but not due, 
Claimed and reported losses, not adjusted, 
Unearned premiums on outstanding risks, 
Dividends of profits unpaid, . 
State and local taxes, due or accrued, 
Office and incidental expenses, 
Gross Liabilities, 



Balance against the Company, 



Bonds, Etc 


• 


Par value. 


Market value. 


$10,000 00 


$11,100 00 


6,000 00 


6,540 00 


1,000 00 


1,090 00 


5,000 00 


5,450 00 


5,000 00 


5,650 00 


10,000 00 


10,275 00 


10,000 00 


10,425 00 


. 


15,700 00 




$66,230 00 


1, 1877. 




$66,230 00 




599 56 




7,346 40 




5,047 18 




229 49 




1,113 93 






$80,566 56 




$63 05 




38,500 00 




40,221 18 




2,315 84 




53 23 




388 75 






81,542 05 








$975 49 



1877.] 



INSURANCE COMPANIES. 



27 



Income. 

Gross cash premiums received during the year, 
Deduct return premiums and re-insurance, 
Net cash premiums received, . 
Received for interest from all sources, . 
Deposit notes received during the year, . 



Gross Cash Income, 



$81,244 82 
2,568 24 



$406,224 10 



Expenditures. 
Gross amount paid for losses during the year, 
Paid for salaries and fees of officers and employees, 

for State and local taxes, 

for profits or surplus on terminated policies, 

for rents, 

for office agency and incidental expenses, 

Gross Cash Expenditures, 

Miscellaneous. 
Risks outstanding Dec. 31, 1876, . . $8,113,573 05 



written during 1877, 
Total, . . 
Risks terminated during 1877, 



8,862,786 17 



$78,676 58 
4,869 27 



,545 85 



$33,704 96 

3,979 92 

288 46 

54,806 42 

276 00 

707 00 

$93,762 76 



-$16,976,359 22 
8,373,674 41 



Net amount in force Dec. 31, 1877, .... $8,602,684 81 
Deposits notes received on outstanding risks, .... 402,211 85 

Losses incurred during the year, 72,224 49 

Percentage of profits or surplus returned during 1877, 74^ per cent. 

Average rate to date, 47^f per cent. 

Highest rate of interest received during the year, 7 per cent. 



FITCHBURG MUTUAL FIRE INSURANCE COMPANY, FITCH- 
BURG. (First Class.) 

[Incorporated March 23, 1847. Commenced business Sept. 1, 1847. 

L. H. Bradford, President. Secretary, E. P. Downe. 

Office, Savings Bank Block, 
Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

.8 shares Lancaster National Bank, . . . $800 00 



Agricultural Branch Railroad bonds, 
Fitchburg & Worcester Railroad bonds, . 
Boston city bonds, \ 
Personal loans, 



3,000 00 
2,000 00 
5,000 00 



Securities held as collateral for cash loans : 
10 shares Safety Fund National Bank, . 



$1,000 00 
3,000 00 
2,000 00 
5,000 00 

25,685 60 

,685 60 



Market value. Loaned thereon. 

$1,000 00 $1,000 00 



28 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Summary of Assets, Dec. 31, 1877. 



Cash value of unencumbered real estate, . 
Loans on mortgage of real estate (first liens) 
Stocks, bonds, etc., as per schedule, 
Loans on collateral security, as per schedule, 
Cash deposited in various banks, . 
Premiums in course of collection (net), . 
Interest due and accrued, 

Gross Assets, ..... 

Liabilities. 

Losses and claims adjusted, but not due, 
Claims for losses disputed or resisted, 
Unearned premiums on outstanding risks, 
Dividends of profits unpaid, . 
State and local taxes due or accrued, 
Office and incidental expenses, 

Gross Liabilities, .... 



Surplus, 



120,303 90 
76,908 20 
36,685 60 
1,000 00 
6,781 64 
2,275 97 
2,622 41 



$2,027 00 

1,400 00 

110,515 08 

1,615 34 

139 54 

185 54 



Income. 

Gross cash premiums received during the year, 
Received for interest from all sources, 
Deposit notes received during the year, . 

Gross Cash Income, < 



$59,242 33 



Expenditures. 

Gross amount paid for losses during the year, 
Paid for brokerage and commissions, 

for salaries and fees of officers and employees 

for State and local taxes, 

for profits or surplus on terminated policies, 

for rents, 

for office agency and incidental expenses, 

Gross Cash Expenditures, 



Miscellaneous. 
Risks outstanding Dec. 31, 1876, . . $15,021,163 00 
written during 1877, . . . 4,037,336 00 



$146,577 72 



115,882 50 
$30,695 22 

$59,500 34 
8,769 80 

$68,270 14 



$24,666 32 

5,367 83 

3,209 73 

558 83 

28,328 70 

448 00 

1,503 82 

$64,083 23 



Total, . . . . 
Risks terminated during 1877, 



-$19,058,499 00 
4,374,617 00 



Net amount in force Dec. 31, 1877, .... $14,683,882 00 
Deposit notes received on outstanding risks, . . . 221,030 15 

Losses incurred during the year, . .... 21,392 16 

Percentage of profits or surplus returned during 1877, 25 to 50 per cent. 
Average rate to date, 60 per cent. 
Highest rate of interest received during the year, 7 per cent. 



1877.] 



INSURANCE COMPANIES. 



29 



FITCHBURG MUTUAL FIRE INSURANCE COMPANY, FITCH- 
BURG. (Second Class.) 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

Agricultural Branch Railroad bonds, . . $3,000 00 $3,000 00 
Personal loans, . . 35,360 00 



Securities held as collateral for cash loans : 

United States bond, .... 
2 shares Putnam Machine Company, . 



Summary of Assets, Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens) , 
Stocks, bonds, etc., as per schedule, 
Loans on collateral security, as per schedule, 
Cash deposited in various banks, 
Premiums in course of collection (net) , . 
Interest due and accrued, 

Gross Assets, ..... 

Liabilities. 

, Unearned premiums on outstanding risks, 
State and local taxes, due or accrued, 
Office and incidental expenses, 

Gross Liabilities, .... 



$38,360 00 



Market value. Loaned thereon. 

$1,050 00 $800 00 

1,800 00 1,500 00 



$2,850 00 


$2,300 00 


. 31, 1877. 




. $6,677 00 




. 32,508 72 




38,360 00 




2,300 00 




4,141 23 




1,929 18 




2,628 49 






$88,544 62: 




$8,122 30 




45 75 




47 26 






8,215 31 





Surplus, 



,329 31 



Gross Cash Income, 



828 26 



Income. 

Gross cash premiums received during the year, $14,303 23 
Deduct return premiums and re-insurance, 
Net cash premiums received, . 
Received for interest from all sources, 
Deposit notes received during the year, . 



$14,301 73 



Expenditures. 
Gross amount paid for losses during the year, . 
Paid for brokerage and commissions, 

for salaries and fees of officers and employees, 

for State and local taxes, .... 

for rents, . 

for office agency and incidental expenses, 

Gross Cash Expenditures, .... 



$13,474 97 


5,292 83 


$18,767 80 


$6,712 54 


1,360 41 


906 94 


127 27 


113 00 


397 52 



,617 6a 



30 MASSACHUSETTS MUTUAL FIRE [Dec. 31, 

Miscellaneous. 
Risks outstanding Dec. 31, 1876, . . . $851,180 00 
written during 1877, .... 770,675 00 

Total, . . • $1,621,855 00 

Risks terminated during 1877, 772,417 00 



Net amount in force Dec. 31, 1877, $849,438 00 

Deposit notes received on outstanding risks, .... 16,244 60 

Losses incurred during the year, 3,413 21 

Highest rate of interest received during the year, 7 per cent. 



FRANKLIN MUTUAL FIRE INSURANCE COMPANY, GREEN- 
FIELD. (First Class.) 

[Incorporated Feb. 11, 1828. Commenced business, Sept. 12, 1829.] 

William Keith, President. Secretary, Gorham D. Williams. 

Office, Main Street. 

Summary of Assets, Dec. 31, 1877. 

United States bonds, registered, 

Cash deposited in the First National Bank, 

Premiums in course of collection (net) , . 

Gross Assets, $7,606 00 



Liabilities. 

Unearned premiums on outstanding risks, 
State and local taxes, due or accrued, 

Gross Liabilities, 5,765 34 



$5,000 00 

490 14 

2,115 86 


$5,757 00 
8 34 



Surplus, . . $1,840 66 

Income. 

Gross cash premiums received during the year, $12,227 31 
Deduct return premiums and re-insurance, . 652 86 

Net cash premims received, .... $11,574 45 

Deposit notes received during the year, . . $28,111 80 



Gross Cash Income, $11,574 45 

Expenditures. 

Gross amount paid for losses during the year, 
Paid for brokerage and commissions, 

for salaries and fees of officers and employees 

for State and local taxes, 

for rents, 

for office agency and incidental expenses, 



Gross Cash Expenditures, 



$1,530 00 


957 43 


1,055 00 


107 77 


56 25 


262 00 






$3,968 45 



1877.] INSURANCE COMPANIES. 31 

Miscellaneous. 

Risks written during 1877, ....... $915,874 00 

terminated during 1877, 54,756 00 

Net amount in force Dec. 31, 1877, $861,118 00 

Deposit notes received on outstanding risks, .... 28,111 80 

Losses incurred during the year, . . .... 1,530 00 



FRANKLIN MUTUAL FIRE INSURANCE COMPANY, GREENFIELD. 

(Second Class.) 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

$4,500 00 $4,500 00 

1,700 00 2,040 00 

8,250 00 7,585 00 

225 41 



United States registered bonds, 
17 shares Shelburne Falls National Bank, 
185 " Greenfield Gas Light Company, 
Personal note, 



Summary of Assets, Dec. 31, 1877. 



Loans on mortgage of real estate (first liens), $2,950 00 

Stocks, bonds, etc., as per schedule, . . 14,350 41 

Cash deposited in the First National Bank, . 360 65 

deposited in the Provident Savings Inst., 900 00 

Premiums in course of collection (net), . . 1,701 73 

Interest accrued, ...... 535 31 

Safe and office furniture, . . $500 00 

Gross Assets, 



$14,350 41 



$20,798 10 



Liabilities. 

Losses and claims adjusted, but not due, 
Claimed and reported losses, not adjusted, 
Owing for borrowed money, . 
Unearned premiums on outstanding risks, 
Gross Liabilities, .... 

Balance against the Company, 



$1,761 00 
1,650 00 
950 95 
24,895 48 . 



29,257 43 
$8,459 33 



Income. 

Gross cash premiums received during the year, 
Received for interest on mortgages, 

for interest from all other sources, . 
Deposit notes received during the year, . 

Gross Cash Income, .... 



1,503 02 



$1,251 51 

168 75 

2,073 06 

$3,493 32 



32 



MASSACHUSETTS MUTUAL FIRE [Dec. 31 v 



Expenditures. 
Gross amount paid for losses during the year, 
Paid for return premiums on cancelled policies, 

for brokerage and commissions, 

for salaries and fees of officers and employees 

for interest on borrowed money, 

for State and local taxes, 

for profits or surplus on terminated policies, 

for rents, ...... 

for office agency and incidental expenses, 

Gross Cash Expenditures, 

Miscellaneous. 
Risks outstanding Dec. 31, 1876, . . $5,509,050 00 
written during 1877, . . . ■ . 158,813 00 



$15,551 11 


3,354 16 


190 80 


245 25 


338 43 


109 85- 


49 36 


168 75 


238 09 


$20,245 80- 



Total, . 
Risks terminated during 1877, 



Net amount in force Dec. 31, 1877, 

Deposit notes received on outstanding risks, 

Losses incurred during the year, 

Highest rate of interest received during the year, 7 per cent. 

Highest rate paid, 6 per cent. 



-$5,667,863 00 
.1,758,722 00 



$3,909,141 00/ 

. 99,581 94 

14,156 23 



GRANBY MUTUAL FIRE INSURANCE COMPANY, GRANBY. 

[Incorporated Aug. 31, 1877. Commenced business Aug. 31, 1877.] 

S. M. Cook, President. Secretary, C. E. Hunt.. 

[Note. — Insures property in the Town of Granby only.] 

Summary of Assets, Dec. 31, 1877. 
Cash deposited in the Holyoke National Bank, $423 43 

Gross Assets, 

Income. 
Cash premiums received during the year, 
Deposit notes received during the year, . 

Gross Cash Income, 

9 

Expenditures. 



,783 81 



$423 43 



&512 71 



$512 71 



Paid for salaries and fees of officers and employees, 
for office agency and incidental expenses, 



$15 00- 
74 28- 



$89 28- 



Gross Cash Expenditures, 

Miscellaneous. 

Risks in force Dec. 31, 1877, . $108,455 00* 

Deposit notes received on outstanding risks, .... 4,783 81 






1877.] 



INSURANCE COMPANIES. 



GROVELAND MUTUAL FIRE INSURANCE COMPANY, GROVE- 
LAND. 

[Incorporated March 28, 1828. Commenced business March 28, 1828.] 

Moses Foster, President. Secretary, Nathaniel H. Griffith. 

Office, No. 2 Common Street. 

[Note. — This company charges no cash premium, but relies upon 
assessments on deposit notes to pay losses and expenses.] 

Summary of Assets, Dec. 31, 1877. 

$85 95 



Cash in the office of the company, . 
Gross Assets, . 



$85 95 



Liabilities. 

Claimed and reported losses, not adjusted, . $1,050 00 

Owing for borrowed money, . . . . 3,115 00 

Gross Liabilities, ..... 



:,165 00 



Income. 

Received from assessments on deposit notes, .... 

from policy fees, . . . .... 

Deposit notes received during the year, . . $17,705 85 



Gross Cash Income, 



$457 13 
251 00 



$708 13 



Expenditures. 

Gross amount paid for losses during the year, 
Paid for salaries and fees of officers and employees, 

for interest on borrowed money, 

for State and local taxes, .... 

for rents, ....... 



Gross Cash Expenditures, 



$624 12 


566 73 


165 60 


4 57 


25 00 



$1,386 02 



Miscellaneous. 

Risks outstanding Dec. 31, 1876, . . $1,347,067 00 
written during 1877, . . . 323,407 00 

Total, _ $1,670,474 00 

Risks terminated during 1877, 309,328 00 

Net amount in force Dec. 31, 1877,. . . . $1,361,146 00 

Deposit notes received on outstanding risks, .... 70,212 03 

Losses incurred during the year, 1,674 12 

Highest rate of interest paid during the year, 7 per cent. 
5 



34 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



HAMPSHIRE MUTUAL FIRE INSURANCE COMPANY, NORTH- 
AMPTON. 

[Incorporated March 6, 1830. Commenced business July 1, 1832.] 

George W. Hubbard, President. Secretary, Harvey Kirkland. 

Office, Main Street. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds, 6s, 

" " " registered, 

" " " 1040s, . 
20 shares Northampton National Bank, 
53 " Connecticut River Railroad, 
Personal loans, .... 



Par value. 

$8,000 00 
8,000 00 
8,000 00 
2,000 00 
5,300 00 



Summary of Assets, Dec. 31, 1877. 



Loans on mortgage of real estate (first liens), 
Stock, bonds, etc., as per schedule, 
Cash in the office of the company, . 

deposited in the Northampton Nat'l Bank, 
Interest due and accrued, .... 
Office furniture and safe, . . $500 00 

•Gross Assets, . . . . 

Liabilities. 

Unearned premiums on outstanding risks, 
Dividends of profits unpaid, . . . 
State and local taxes, due or accrued, . 
Office and incidental expenses, 

Gross Liabilities, .... 



$10,700 00 

34,659 00 

1,100 36 

3,180 73 

1,461 30 



Surplus, 



$22,714 63 

215 40 

10 78 

122 00 



Income. 



Gross cash premiums received during the year, 
Deduct return premiums and re-insurance, 
Net cash premiums received, . 
Heceived for interest on mortgages, 

for interest from all other sources, 
Deposit notes received during the year, . 

Gross Cash Income, .... 

Expenditures. 

Gross amount paid for losses during the year, 
Paid for brokerage and commissions, 

for salaries and fees of officers and emplo 



',082 61 
188 06 



$17,377 70 



Market value. 

$8,271 00 

8,350 00 

8,366 00 

2,000 00 

6,572 00 

1,100 00 

$34,659 00 



$51,101 39 



23,062 81 

$28,038 58 



$6,894 55 

773 06 

1,582 61 

$9,250 22 



$4,417 13 

675 41 

1,474 50 



1877.] 



INSURANCE COMPANIES. 



Paid for State and local taxes, 

for profit or surplus on terminated policies, 

for rents, . . . 

for office agency and incidental expenses, 



Gross Cash Expenditures, 



85 


$71 56 


2,764 90 


150 00 


280 79 



1,834 29 



Miscellaneous. 



Risks outstanding Dec. 31, 1876, 
written during 1877, 
Total, .... 
Risks terminated during 1877, 



$3,399,934 00 
553,700 00 



$3,953,634 00 
614,295 00 



Net amount in force Dec. 31, 1877, .... $3,339,339 00 

Deposit notes received on outstanding risks, .... 94,071 02 

Losses incurred during the year, . . .... 4,417 13 

Percentage of profits or surplus returned during 1877, 40 per cent. 

Average rate to date, 40 per cent. 

Highest rate of interest received during the year, 7 T 3 ¥ per cent. 



HINGHAM MUTUAL FIRE INSURANCE COMPANY, HINGHAM. 

[Incorporated March 4, 1826. Commenced business Sept. 1, 1826.] 

Amos Bates, President. Secretary, Henry W. Cushing. 

Office, Main Street. 



Detailed Statement of Stocks, 



United States bonds, 1881, 
" " 5-20 bonds, 

" " 10-40 bonds, 

Rhode Island State bonds, 6s, 

Maine State bonds, 6s, . 

Portland city bonds, 6s, . 

Plymouth water scrip, 

Hull town note, 

57 shares Hingham National Bank, 



60 < 


' Old Colony National Bank, 


15 < 


' Abington National Bank, 


10 < 


' Globe National Bank, 


19 « 


' Hamilton National Bank, 


29 « 


4 Eagle National Bank, 


12 < 


1 Union National Bank, 


34 ' 


' State National Bank, 


26 « 


' North America National Bank 


15 « 


' Commerce National Bank, 


45 « 


' AYebster National Bank, . 



Bonds, Etc. 

Par value. 

$8,500 00 
22,500 00 
3,000 00 
3,000 00 
15,000 00 
3,000 00 
4,000 00 
3,500 00 
3,990 00 
6,000 00 
1,500 00 
1,000 00 
1,900 00 
2,900 00 
1,200 00 
3,400 00 
2,600 00 
1,500 00 
4,500 00 



Market value. 

$9,073 75 
23,681 25 
3,210 00 
3,375 00 
16,856 25 
3,225 00 
4,000 00 
3,500 00 
3,990 00 
7,680 00 
1,920 00 
1,082 50 
2,147 00 
3,132 00 
1,668 00 
3,706 00 
2,834 00 
1,590 00 
4,545 00 



36 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



92 shares Old Colony Railroad, 
76 " Boston and Albany Railroad, 
Boston and Albany Railroad bonds, 7s, 
Boston and Lowell Railroad bonds, 7s, 
Boston and Maine Railroad bonds, 7s, 
Eastern Railroad notes, 7s, 



$9,200 00 

7,600 00 

5,000 00 

10,000 00 

10,000 00 

5,000 00 



Summary of Assets, Dec. 31, 1877. 



Cash value of unencumbered real estate, . 
Loans on mortgage of real estate (first liens) , 
Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, . 

deposited in the Hingham Nat'l Bank, 

in the New England Trust Co. 

in the Hingham Institution, 
Premiums in course of collection (net), . 
Interest due and accrued, 

Gross Assets, 



$4,000 00 

144,950 00 

149,772 75 

36 10 

8,370 27 

3,507 60 

1,277 49 

3,290 14 

4,707 29 



$8,832 00 

9,500 00 

5,775 00 

10,775 00 

11,025 00 

2,650 00 

$149,772 75 



$319,911 64 



Liabilities. 

Losses and claims adjusted, but not due, 
Claimed and reported losses, not adjusted, 
Claims for losses disputed or resisted, 
Unearned premiums on outstanding risks, 
State and local taxes, due or accrued, 

Salaries, 

Gross Liabilities, .... 



Surplus, 



$2,210 50 

1,407 50 

1,400 00 

175,645 74 

57 71 

265 00 



180,986 45 
$138,925 19 



Income. 

Gross cash premiums received during the year, 
Received for interest on mortgages, 

for interest from all other sources, 

from policy fees, etc., 
Deposit notes received during the year, . 



Gross Cash Income, 



$103,257 14 



$52,185 00 

8,521 23 

9,161 39 

188 00 



,055 62 



Expenditures. 

Gross amount paid for losses during the year, 
Paid for brokerage and commissions, 

for salaries and fees of officers and employees 

for State and local taxes, 

for profits or surplus on terminated policies, 

for office agency and incidental expenses, 

Gross Cash Expenditures, 



. $18,039 22 


4,918 


14 


2,825 


00 


430 37 


29,859 


65 


1,379 


14 


. $57,451 52 



1877.] INSURANCE COMPANIES. 37 

Miscellaneous. 

Risks outstanding Dec. 31, 1876, . . $20,591,012 00 
written during 1877, . . . 2,943,731 00 

Total, $23,534,743 00 

Risks terminated during 1877, 2,526,597 00 



Net amount in force Dec. 31, 1877, .... $21,008,146 00 

Deposit notes received on outstanding risks, . . . , 697,985 08 

Losses incurred during the year, ..... 21,657 22 

Percentage of profits or surplus returned during 1877, 75 per cent. 
Average rate to date, 75 to 80 per cent. 
Highest rate of interest received during the year, 8 per cent. 



HOME MUTUAL FIRE INSURANCE COMPANY, BOSTON. 

[Incorporated May 4, 1876. Commenced business May 6, 1876.] 

Charles A. Stott, President. Secretary, Walter S. Edwards. 

Office, No. 242 Washington Street. 

Summary of Assets, Dec. 31, 1877. 

Cash in the office of the company, . . . $850 12 

deposited in the Five Cents Savings Bank, 1,000 00 

deposited in the Mercantile Savings Bank, 500 00 

deposited in the New England Trust Co., 1,447 53 

Premiums in course of collection (net) , . . 4,283 49 

Interest due and accrued, .... 75 00 

Office furniture and safe, . . $500 00 

Gross Assets, $8,156 14 

Liabilities. 

Losses and claims adjusted, but not due, . $1,084 71 

Claims for losses disputed or resisted, . . 2,216 99 

Unearned premiums on outstanding risks, . 7,842 34 

Gross Liabilities, 11,144 04 



Balance against the Company, $2,987 90 

Income. 

Gross cash premiums received during the year, $13,809 72 
Deduct return premiums and re-insurance, . 1,200 38 

Net cash premiums received, . . . .' $12,609 34 

Received for interest from all sources, 128 97 

for rents, . . 40 00 

Deposit notes received during the year, . . $41,429 16 

Gross Cash Income, $12,778 31 



38 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Expenditures. 

Gross amount paid for losses during the year, . 
Paid for brokerage and commissions, 

for salaries and fees of officers and employees, 

for State and local taxes, .... 

for profits or surplus on terminated policies, . 

for rents, . . . . '. 

for office agency and incidental expenses, 

Gross Cash Expenditures, .... 



$5,140 18 

1,429 11 

2,673 96 

170 88 

501 00 

583 33 

2,148 41 

$12,646 87 



Miscellaneous. 



Risks outstanding Dec. 31, 1876, 
written during 1877, 
Total, .... 
Risks terminated during 1877, 



$881,891 00 
1,233,304 00 



-$2,115,195 00 
. 1,093,756 00 



Net amount in force Dec. 31, 1877, $1,021,439 00 

Deposit notes received on outstanding risks, .... 47,054 04 

Losses incurred during the year, . . .... 5,501 51 

Percentage of profits or surplus returned during 1877, 25 per cent. 
Highest rate of interest received during the year, 7 per cent. 



LOWELL MUTUAL FIRE INSURANCE COMPANY, LOWELL. 

[Incorporated March 6, 1832. Commenced business April, 1832.] 

J. K. Fellows, President. Secretary, Chas. W. Drew. 

Office, No. 49 Central Street. 



Detailed Statement of Stocks, 



United States 5-20 bonds, 
" " 10-40 bonds, 

" " bonds, 1881, 

Edwards ville town bond, 
Lyon county bonds, 
29 shares Vermont and Canada Railroad 
6 
4 
9 



Vermont and Massachusetts Railroad, 
Massachusetts Cotton Mills, 
Lowell Manufacturing Company, 
Franklin Manufacturing Company, 
Appleton Company, 
Merrimack Manufacturing Company, 



cs, Bonds, Etc 




Par value. 


Market value. 


. $11,200 00 


$12,042 00 


500 00 


538 75 


2,550 00 


2,805 00 


1,000 00 


1,013 34 


1,000 00 


792 40 


2,900 00 


464 00 


id, 600 00 


660 00 


4,000 00 


4,360 00 


6,210 00 


5,220 00 


800 00 


568 00 


5,000 00 


4,050 00 


j, 2,000 00 


2,686 10 



$37,760 00 $35,199 49 



1877.] INSURANCE COMPANIES. 

Securities held as collateral for cash loans : - 
13 shares Prescott National Bank, . 



89 



Market value. Loaned thereon. 
$1,755 00 $1,000 00 



Summary of Assets, Dec. 31, 1877. 

Loans on mortgage of real estate (first liens), $5,800 00 

Stocks, bonds, etc., as per schedule, . . 35,199 49 

Loans on collateral security, as per schedule, . 1,000 00 

Cash in the office of the company, ... 38 35 

deposited in the First National Bank, . 1,008 80 

deposited in the Central Savings Bank, . 800 00 

deposited in the Lowell Inst, for Savings, 500 00 

Premiums in course of collection (net), . . 335 15 

Interest due and accrued, .... 1,074 06 

Office furniture, .... $145 00 

Gross Assets, 



$45,755 85 



Liabilities. 

Unearned premiums on outstanding risks, . $11,342 87 

Dividends of profits unpaid, .... 131 35 

Gross Liabilities, . . . ' . 



11,474 22 



Surplus, $34,281 63 



Income. 

Gross cash premiums received during the year 

Deduct return premiums and re-insurance, 

Net cash premiums received, . 

Received for interest on mortgages, 

for interest from all sources, 
for rents, .... 

Deposit notes received during the year 



5,603 18 
156 88 



$25,325 91 



Gross Cash Income, 



^8,446 30 

210 00 

1,910 97 

150 00 



$10,717 27 



Expenditures. 

Gross amount paid for losses during the year, 
Paid for brokerage and commissions, 

for salaries and fees of officers and employees, 

for State and local taxes, .... 

for profits or surplus on terminated policies, . 

for rents, . . . . . . . 

for office agency and incidental expenses, 

Gross Cash Expenditures, .... 



$707 01 


177 93 


1,475 74 


85 59 


3,514 36 


375 00 


600 32 



$6,935 95 



40 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Miscellaneous. 



Risks outstanding- Dec. 31, 1876, 
written during 1877, 
Total, 
Risks terminated during 1877, 



$1,613,973 00 
. 766,623 00 



-$2,380,596 00 
661,028 00 



Net amount in force Dec. 31, 1877, .... $1,719,568 00 

Deposit notes received on outstanding risks, .... 68,057 22 

Losses incurred during the year, . . .... 707 01 

Percentage of profits or surplus returned during 1877, 40 to 50 per cent. 
Highest rate of interest received during the year, 6 per cent. 



LYNN MUTUAL FIRE INSURANCE COMPANY, LYNN. 
[Incorporated Feb. 20, 1828. Commenced business Aug. 1, 1828.] 

Thos. B. Newhall, President. Secretary, Wm. F. Johnson. 

Office, No. 1 Savings Bank Building. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bond, . . . . $100 00 $107 00 

Chicago city bonds, 4,000 00 4,240 00 

Cambridge city bonds, 2,000 00 2,120 00 

Somerville city bonds, 5,000 00 5,450 00 

Lynn city bonds, 5s, 1,000 00 1,060 00 

Cleveland city bonds, ■ 1,700 00 2,000 00 

Charlestown city bonds, 2,000 00 2,120 00 

50 shares First National Bank, Lynn, . . 5,000 00 5,800 00 

30 " National City Bank, Lynn, . . 3,000 00 4,050 00 

5 " Central National Bank, Lynn, . 500 00 675 00 

10 " Merchants' National Bank, Boston, . 1,000 00 1,320 00 

Cedar Rapids and Mo. R. Railroad bonds, . 4,000 00 4,000 00 

Loaned on personal security, 1,342 00 

$34,284 00 

Summary of Assets, Dec. 31, 1877. 

Loans on mortgage of real estate (first liens), $6,200 00 

Stocks, bonds, etc., as per schedule, . . 34,284 00 

Cash in the office of the company, . . . 465 63 

deposited in various banks, . . . 5,694 72 

Interest accrued, . . . . . . 749 58 

Office furniture and safe, . . $600 00 

Gross Assets, $47,393 93 



1877.] 



INSURANCE COMPANIES. 



41 



Liabilities. 

Claimed and reported losses not adjusted, . $400 00 

Unearned premiums on outstanding risks, . 19,279 56 

Dividends of profits unpaid, .... 140 57 

Gross Liabilities, ..... 



$19,820 13 



Surplus, $27,573 80 



Income. 

Gross cash premiums received during the year, 
Deduct return premiums and re-insurance, 
Net cash premiums received, . 
Received for interest on mortgages, 

for interest from all other sources, 

from policy fees, 
Deposit notes received during the year, . 



Gross Cash Income, 



:,170 39 
199 47 



$16,653 96 



$3,970 92 


592 


00 


1,713 


50 


222 


00 



1,498 42 



Expenditures. 

Gross amount paid for losses during the year, 
Paid for salaries of officers and employees, 

for State and local taxes, 

for profits or surplus on terminated policies, 

for rents, ...... 

for office agency and incidental expenses, 



$177 50 


1,200 00 


18 09 


2,137 28 


150 00 


57 37 



Gross Cash Expenditures, 



$3,740 24 



Miscellaneous. 



Risks outstanding Dec. 31, 1876, 
written during 1877, 
Total, .... 
Risks terminated during 1877, 



.$1,622,637 00 
. 297,950 00 



-$1,920,587 00 
327,940 00 



Net amount in force Dec. 31, 1877, $1,592,647 00 

Deposit notes received on outstanding risks, .... 94,036 20 

Losses incurred during the year, 577 50 

Percentage of profits or surplus returned during 1877, 50 per cent. 
Average rate to date, 75 per cent. 

Highest rate of interest received during the year, 7-| per cent. 
6 



42 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



MERCHANTS AND FARMERS' MUTUAL FIRE INSURANCE COM- 
PANY, WORCESTER. 

[Incorporated April 1, 1846. Commenced business Jan. 1, 1847.] 

Isaac Davis, President. Secretary, Elijah B. Stoddard. 

Office, No. 240 Main Street. 



Detailed Statement of Stocks, Bonds, Etc. 



Worcester and Nashua Railroad bond, . 
20 shares Westminster National Bank, . 
25 '.' Wachusett National Bank, 
13 " Mechanics' National Bank, 
20 " Central National Bank, . 

8 " Quinsigamond National Bank, 
Lawrence city bond, .... 
Providence and Worcester Railroad bond, 
Personal loans, 



Par value. 

$20,000 00 

2,000 00 

2,500 00 

1,300 00 

2,000 00 

800 00 

20,000 00 

25,000 00 



Securities held as collateral for cash loans : — 

32 shares Quinsigamond Bank, 

15 " Worcester and Nashua Railroad, 

United States bonds, 



Market value. 

$20,000 00 

2,000 00 

3,000 00 

1,750 00 

2,840 00 

944 00 

19,800 00 

26,500 00 

5,000 00 

$81,834 00 



Market value. Loaned thereon. 

$3,776 00 $3,000 00 
1,500 00 1,500 00 
1,700 00 1,700 00 



1,976 00 



i,200 00 



Summary of Assets, Dec. 31, 1877. 

Cash value of unencumbered real estate, . $40,000 00 

Loans on mortgage of real estate (first liens) , . 17,000 00 

Stocks, bonds, etc., as per schedule, . . 81,834 00 

Loans on collateral security, as per schedule, . 6,200 00 

Cash in the office of the company, . . . 332 23 

deposited in the First National Bank, . 35,000 00 

deposited in the Quinsigamond Nat'l B'k, 15,246 96 

Premiums in course of collection (net), . . 3,425 24 

Interest due and accrued, .... 552 50 

Bills receivable for premiums, . . . 118 45 
Office furniture, . . ;'■'.. $500 00 

Gross Assets, 

Liabilities. 

Claimed and reported losses, not adjusted, . $2,000 00 

Unearned premiums on outstanding risks, . 108,863 83 

Dividends of profits unpaid, .... 1,000 00 

Gross Liabilities, 



$199,709 38 



111,863 83 



Surplus, $87,845 55 



1877.] 



INSURANCE COMPANIES. 



43 



Income. 

Gross cash premiums received duriDg the year, $56,133 62 
Deduct return premiums and re-insurance, . 1,908 49 

Net cash premiums received, ... 
Received for interest on mortgages, 

for interest from all other sources, 

for rents, ..... 
Deposit notes received during the year, . . $112,267 24 



Gross Cash Income, 



$54,225 13 

990 00 

6,345 62 

2,582 39 

$64,143 14 



Expenditures. 

Gross amount paid for losses during the year, 
Paid for brokerage and commissions, 

for salaries and fees of officers and employees 

for State and local taxes, 

for profits or surplus on terminated policies, 

for rents, ...... 

for office agency and incidental expenses, 



Gross Cash Expenditures, 



Miscellaneous. 



Risks outstanding Dec. 31, 1876, 
written during 1877, 
Total, .... 
Risks terminated during 1877, 



$15,678,962 00 
4,182,593 00 



$27,647 12 
7,802 73 
6,356 61 
1,391 86 
18,434 49 
2,000 00 
2,517 21 

$66,150 02 



$19,861,555 00 
5,223,327 00 



Net amount in force Dec. 31, 1877, .... $14,638,228 00 

Deposit notes received on outstanding risks, . . . 435,455 34 

Losses incurred during the year, 20,858 43 

Percentage of profits or surplus returned during 1877, 12£ to 30 per cent. 
Highest rate of interest received during the year, 7 per cent. 



MERRIMACK MUTUAL FIRE INSURANCE COMPANY, ANDOYER. 

[Incorporated Feb. 20, 1828. Commenced business, April 1, 1828.] 

Samuel Gray, President. Secretary, Joseph A. Smart. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, 6s, .... $27,000 00 



Cleveland city bonds, 
Albany city bonds, 
Boston city bonds, . 
Chicago city water bonds, 
St. Louis city bonds, 



10,000 00 
10,000 00 

2,000 00 
12,000 00 

6,000 00 



532,400 00 
10,350 00 
11,000 00 

2,080 00 
12,900 00 

6,225 00 



44 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Cincinnati city bonds, . 

Charlestown city bonds, . 

Norwich city bonds, 

Fall River city bonds, 

Northampton town bonds, 

Maine State bonds, 

Boston and Maine Railroad bonds, 

Boston and Providence Railroad bonds, 

Boston and Lowell Railroad bonds, 



Securities held as collateral for cash loans : 
30 shares National Bank of Methuen, 



$9,000 00 
5,000 00 
5,000 00 
5,000 00 
5,000 00 

10,000 00 
5,000 00 
5,000 00 
5,000 00 



$9,800 00 
5,625 00 
5,500 00 
5,525 00 
5,500 00 

10,890 00 
5,525 00 
5,750 00 
5,400 00 



$121,000 00 $134,470 00 



Market value. Loaned thereon. 

$3,000 00 



Summary of Assets, Dec. 31, 1877. 

Loans on mortgage of real estate (first liens), $7,000 00 

Stocks, bonds, etc., as per schedule, . . 134,470 00 

Loans on collateral security, as per schedule, . 3,000 00 

Cash in the office of the company, . . . 962 07 

deposited in the Andover National Bank, 4,055 14 

deposited in savings banks, . . . 5,000 00 

Premiums in course of collection (net), . . 5,899 24 

Interest due and accrued, .... 3,467 65 

Gross Assets, 



$163,854 10 



Liabilities. 



Unearned premiums on outstanding risks, 
Dividends of profits unpaid, . 
Office and incidental expenses, 

Gross Liabilities, .... 


. $94,836 04 
500 00 
252 00 





95,588 04 



,266 06 



Income. 

Gross cash premiums received during the year, $50,923 60 
Deduct return premiums and re -insurance, . 1,765 89 

Net cash premiums received, . 
Received for interest on mortgages, 

for interest from all other sources, 
Deposit notes received during the year, . . $89,357 62 

Gross Cash Income, 



Expenditures. 

Gross amount paid for losses during the year, 
Paid for brokerage and commissions, 



$49,157 71 

490 00 

8,024 53 

$57,672 24 



$31,522 72 
7,965 84 



1877.] 



INSURANCE COMPANIES. 



45 



Paid for salaries and fees of officers and employees, 
for State and local taxes, .... 

for profits or surplus on terminated policies, . 
for office agency and incidental expenses, 



Gross Cash Expenditures, 



$3,496 00 

520 12 

19.121 75 

1,163 61 

$63,790 04 



Miscellaneous. 



Risks outstanding Dec. 31, 1876, 
written during 1877, 
Total, .... 
Risks terminated during 1877, 



$12,352,601 00 
4,237,254 00 



-$16,589,855 00 
3,393,324 00 



Net amount in force Dec. 31, 1877, .... $13,196,53100 

Deposit notes received on outstanding risks, .... 196,816 93 

Losses incurred during the year, . . .... 26,370 47 

Percentage of profits or surplus returned during 1877, 40 to 50 per cent. 

Average rate to date, 45 per cent. 

Highest rate of interest received during the year, 7 t 3 q- per cent. 



MIDDLESEX MUTUAL FIRE INSURANCE COMPANY, CONCORD. 

[Incorporated March 3, 1826. Commenced business March 29, 1826.] 

George Heywood, President. Secretary, Richard Barrett. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bond, $10,000 00 $10,150 00 

15 shares Merchants' National Bank, Boston, 1,500 00 1,980 00 

40 " Webster National Bank, Boston, . 4,000 00 4,040 00 

25 " Eliot National Bank, Boston, . 2,500 00 2,750 00 

53 " Boston National Bank, Boston, . 5,300 00 5,843 25 

54 " Howard National Bank, Boston, . 5,400 00 6,061 50 
40 " Revere National Bank, Boston, . 4,000 00 4,350 00 
67 " Blackstone National Bank, Boston, 6,700 00 6,993 13 

113 " Shawmut National Bank, Boston, . 11,300 00 13,348 12 

18 " State National Bank, Boston, . 1,800 00 1,962 00 

20 " Faneuil Hall Nat'l Bank, Boston, . 2,000 00 2,660 00 

44 " North America Nat'l Bank, Boston, 4,400 00 4,796 00 

33 " Concord National Bank, . . 3,300 00 4,488 00 

40 " Boston and Albany Railroad, . 4,000 00 5,000 00 

22 " Fitchburg Railroad, . . . 2,200 00 2,442 00 

50 " Phila., Wil., and Bal. Railroad, . 2,500 00 3,056 25 

Boston and Albany Railroad bonds, 7s, . . 40,000 00 46,200 00 

Personal loans, ' 14,939 63 

Concord town loan, . . . .... 17,000 00 



$158,059 88 



46 MASSACHUSETTS MUTUAL FIRE [Dec. 31, 

Securities held as collateral for cash loans : — 

Market value. Loaned thereon. 

155 shares North Chicago Rolling Mill, . . $7,750 00 $4,000 00 

10 " Concord National Bank, . . 1,360 00 1,000 00 

Mortgage of real estate, .... 30,000 00 16,000 00 



$39,110 00 $21,000 00 



Summary of Assets, Dec. 31, 1877. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens), 
Stocks, bonds, etc., as per schedule, 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 

deposited in the Concord National Bank 
Premiums in course of collection (net), . 
Interest due and accrued, 

Gross Assets, 



$17,500 00 

105,800 00 

158,059 88 

21,000 00 

5,314 04 

9,900 17 

10,886 59 

6,839 05 



$335,299 73 



Liabilities. 

Unearned premiums on outstanding risks, . $136,859 56 

Dividends of profits unpaid, .... 295 20 

State and local taxes, due or accrued, . . 82 84 

Gross Liabilities, 



137,237 60 



Surplus, . . . . . . .... $198,062 13 



Income. 

Gross cash premiums received during the year, 
Received for interest on mortgages, 

for interest from all other sources, 

for rents, 

from policy fees, 
Deposit notes received during the year, . 



,002 31 



$63,635 92 


5,246 13 


8,831 98 


315 00 


104 00 



Gross Cash Income, $78,133 03 



Expenditures. 

Gross amount paid for losses during the year, 
Paid for brokerage and commissions, 

for salaries and fees of officers and employees, 

for State and local taxes, .... 

for profits or surplus on terminated policies, . 

for office agency and incidental expenses, 



22,649 51 

7,548 96 

6,340 40 

430 43 

33,062 17 
1,030 49 



Gross Cash Expenditures, 



$71,061 96 



1877.] 



INSURANCE COMPANIES. 



47 



Miscellaneous. 
Risks outstanding Dec. 31, 1876, . $17,790,503 00 

written during 1877, . . . 4,278,160 00 

Total, 

Risks terminated during 1877, 



$22,068,663 00 
3,871,051 00 



Net amount in force, Dec. 31, 1877, $18,197,612 00 

Deposit notes received on outstanding risks, . . . 273,719 13 
Losses incurred during the year, 22,649 51 

Percentage of profits or surplus returned during 1877, 50 to 60 per cent. 
Highest rate of interest received during the year, 7 per cent. 



MILFORD MUTUAL FIRE INSURANCE COMPANY, MILFORD. 

[Incorporated April 30, 1851. Commenced business Jan. 1, 1852.] 

A. A. Cook, President. Secretary, Geo. G. Parker. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. 

10 shares Milford National Bank, . . . $1,000 00 

9 " Hide and Leather National Bank, . 900 00 

Personal .loans, 

Summary of Assets, Dec. 31, 1877. 

Stocks, bonds, etc., as per schedule, . . $5,713 00 

Cash in the office of the company, . . . 667 10 

Premiums in course of collection (net) , . . 357 10 

Interest due, 11 25 

Office furniture, .... $100 00 

Gross Assets, 

Liabilities. 

Claimed and reported losses, not adjusted . $700 00 

Unearned premiums on outstanding risks, . 3,824 95 

Dividends of profits unpaid, .... 27 81 

Salaries, 42 00 

Gross Liabilities, .... 



Surplus, 



Income. 

Gross cash premiums received during the year, 
Deduct return premiums and re-insurance, 
Net cash premiums received, . 
Received for interest from all sources, 

from policy fees, 
Deposit notes received during the year, 

Gross Cash Income, 



.,586 64 
21 46 



$4,260 33 



Market value. 

$1,250 00 

963 00 

3,500 00 

$5,713 00 



$6,748 45 



4,594 76 
$2,153 69 



$1,565 18 

347 50 

42 00 



$1,954 68 



43 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 
Expenditures. 



Gross amount paid for losses during the year, 
Paid for brokerage and commissions, 

for salaries and fees of officers and employees, 

for State and local taxes, .... 

for profits or surplus on terminated policies, . 

for office agency and incidental expenses, 



$1,593 75 


93 


86 


278 


24 


15 


31 


347 


14 


143 


62 



Gross Cash Expenditures, 



$2,471 92 



Miscellaneous. 



Risks outstanding Dec. 31, 1876, 
written during 1877, 
Total, .... 
Risks terminated during 1877, 



$775,296 00 
132,810 00 



$908,106 00 
128,052 00 



Net amount in force Dec. 31, 1877, $780,054 00 

Deposit notes received on outstanding risks, .... 16,405 17 

Losses incurred during the year, 2,253 75 

Percentage of profits or surplus returned during 1877, 25 per cent. 

Average rate to date, 25 per cent. 

Highest rate of interest received during the year, 6 per cent. 



MILL OWNERS' MUTUAL FIRE INSURANCE COMPANY, BOSTON. 

[Incorporated June 13, 1873. Commenced business Aug. 1, 1873.] 

Wm. H. Kent, President. Secretary, Frederick S. Cabot. 

Office, No. 181 Devonshire Street. 

Summary of Assets, Dec. 31, 1877. 

Corporation notes, $26,000 00 

Cash in the office of the company, ... 4 90 

deposited in the National Eagle Bank, . 19,164 38 

Premiums in coarse of collection (net), . . 322 41 

Interest accrued, 337 74 

Office furniture, . . . . $300 00 

Gross Assets, $45,829 43 

Liabilities. 

Claimed and reported losses, not adjusted, . $3,000 00 
Unearned premiums on outstanding risks, . 38,724 04 

Gross Liabilities, 41,724 04 



Surplus, 



$4,105 39 



1877.] INSURANCE COMPANIES. 49 

Income. 

Gross cash premiums received during the year, $78,092 01 
Deduct return premiums and re-insurance, . 1,910 79 

Net cash premiums received, .... $76,181 22 

Received for interest from all sources, 2,481 00 

Deposit notes received during the year, . . $387,240 45 



Gross Cash Income, $78,662 22 



Expenditures. 

Gross amount paid for losses during the year, . 

Paid for State and local taxes, 

for profits or surplus on terminated policies, 

for rents, 

for office agency and incidental expenses, 



$32,670 72 

330 80 

41,635 99 

500 00 

8,685 91 



Gross Cash Expenditures, $83,823 42 

Miscellaneous. 

Risks outstanding Dec. 31, 1876, . . $6,161,53100 
written during 1877, . . . 8,019,776 00 

Total, ' $14,181,307 00 

Risks terminated during 1877, 6,442,487 00 



Net amount in force Dec. 31, 1877, .... $7,738,820 00 

Deposit notes received on outstanding risks, . . . 387,240 45 

Losses incurred during the year, 35,670 72 

Percentage of profits or surplus returned during 1877, 68^^ per cent. 

Average rate to date, Q7j 2 ^ per cent. 

Highest rate of interest received during the year, 5 per cent. 



MUTUAL BOILER INSURANCE COMPANY OF BOSTON, BOSTON. 

[Incorporated April 11, 1877. Commenced business June 1, 1877.] 

C. C. Walworth, President. Secretary, F. Ernest Cabot. 

Office, Room 64 Simmons Building. 

Summary of Assets, Dec. 31, 1877. 

Cash in the office of the company, . . . $152 59 

deposited in the Third National Bank, . 868 58 

Premiums in course of collection (net) , . . 1,423 61 

Gross Assets, $2,444 78 

7 



50 MASSACHUSETTS MUTUAL FIRE [Dec. 31, 

Liabilities. 

Unearned premiums on outstanding risks, . $2,885 47 

Return premiums on cancelled policies, . . 8 06 

Office and incidental expenses, . . . 936 78 

Gross Liabilities, $3,830 31 



Balance against the Company, $1,385 53 

. Income. 

Gross cash premiums received during the year, $4,382 34 
Deduct return premiums and re-insurance, . 21 47 

Net cash premiums received, .... $4,360 87 

Received from inspection fees, ...... 20 00 

Deposit notes received during the year, . . $21,911 70 



Gross Cash Income, $4,380 87 

Expenditures. 

Paid for brokerage and commissions, . . . ... $638 76 

for salaries and fees of officers and employees, . . 627 75 

for rents, 116 67 

for office agency and incidental expenses, . . . 2,032 50 



Gross Cash Expenditures, $3,415 68 

Miscellaneous. 

Risks written during 1877, . . ..... $602,700 00 

Risks terminated during 1877, 4,500 00 

Net amount in force Dec. 31, 1877, 598,200 00 

Deposit notes received on outstanding risks, .... 28,854 75 



MUTUAL FIRE ASSURANCE COMPANY, SPRINGFIELD. 

[Incorporated Feb. 23, 1827. Commenced business July 26, 1827.] 

W. ,.C. Sturtevant, President. Secretary, Frank R. Young. 

Office, corner Main and Elm Streets. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, ..... $7,000 00 $7,282 00 

75 shares Second National Bank, Springfield, . 7,500 00 13,125 00 

61 " Chicopee National Bank, Springfield, 6,100 00 9,760 00 

15 " John Hancock Nat'lB'k, Springfield, 1,500 00 1,800 00 

10 " First National Bank, Springfield, . 1,000 00 1,300 00 

25 " Chapin Banking and Trust Co., . 2,500 00 2,750 00 

10 " Monson National Bank, . . . 1,000 00 1,400 00 



1877.] 



INSURANCE COMPANIES. 



51 



10 shares First National Bank, Chicopee, 
50 " Hadley Falls Nat'l Bank, Holyoke, . 
66 " National Bank of Commerce, Boston, 
50 " Boston and Albany Railroad, . 
Personal loan, ....... 



$1,000 00 $1,500 00 



5,000 00 


7,500 00 


6,600 00 


6,864 00 


5,000 00 


6,200 00 




500 00 



$59,981 00 
Securities held as collateral for cash loans : — 

Market value. Loaned thereon. 

67 shares First National Bank, Springfield, . $8,710 00 $7,000 00 

Summary of Assets, Dec. 31, 1877. 

Loans on mortgage of real estate (first liens), . $32,800 00 

Stocks, bonds, etc., as per schedule, . . 59,981 00 

Loans on collateral security, as per schedule, . 7,000 00 

Cash in the office of the company, . . . 391 90 

deposited in the Chicopee National Bank, 145 16 

Interest accrued, 296 86 

Gross Assets, $100,614 92 



Liabilities. 

Reported losses, not adjusted, . . . $1,800 00 

Unearned premiums on outstanding risks, . 31,666 64 

Dividends of profits unpaid, .... 404 58 

Gross Liabilities, 



33,871 22 



Surplus, $66,743 70 



Income. 

Gross cash premiums received during the year, 
Deduct return premiums and re-insurance, 
Net cash premiums received, . 
Received for interest on mortgages, 

for interest from all other sources, 

from policy fees, 



Deposit notes received during the year, 



Gross Cash Income, 



$11,873 00 
599 17 



$23,600 46 



Expenditures. 



Gross amount paid for losses during the year, 
Paid for salaries and fees of officers and employees, 

for State and local taxes, .... 

for profits or surplus on terminated policies, . 

for rents, ...%... 

for office agency and incidental expenses, 

Gross Cash Expenditures, . . . 



$11,273 83 


2,482 92 


3,532 34 


478 00 


$17,767 09 


$4,827 88 


2,594 00 


108 60 


6,473 98 


200 00 


535 42 


$14,739 88 



52 MASSACHUSETTS MUTUAL FIRE [Dec. 31, 

Miscellaneous. 

Risks outstanding Dec. 31, 1876, . . $3,874,850 00 
written during 1877, .... 681,300 00 

Total, 

Risks terminated during 1877, 



-44,556,150 00 
. 641,675 00 



Net amount in force Dec. 31, 1877, .... $3,914,475 00 

Deposit notes received on outstanding risks, . . . 126,666 57 

Losses incurred during the year, . . .... 6,627 88 

Percentage of profits or surplus returned during 1877, 75 per cent. 

Average rate to date, 75 per cent. 

Highest rate of interest received during the year, 7 per cent. 



MUTUAL PROTECTION FIRE INSURANCE COMPANY, BOSTON. 

[Incorporated April 10, 1861. Commenced business July, 1864.] 

Amos Stone, President. Secretary, John R. Wolston. 

Office, No. 1 Chelsea Street, Charlestown District. 

Summary of Assets, Dec. 31, 1877. 

Loans on mortgage of real estate (first liens), $3,720 00 

United States bonds, 3,267 50 

Cash in the office of the company, . . . 110 95 

deposited in Charlest'n Five Cent Sav. B'k, 20,323 15 

Premiums in course of collection (net), . . 1,512 61 

Interest due and accrued, .... 205 82 

Gross Assets, $29,140 03 

Liabilities. 

Unearned premiums on outstanding risks, . $8,454 86 
Dividends of profits unpaid .... 366 91 

Gross Liabilities, 8,821 77 



Surplus, $20,318 26 

Income. 

Gross cash premiums received during the year, $2,429 29 
Deduct return premiums and re-insurance, . 94 90 

Net cash premiums received, . . . . $2,334 39 

Received for interest on mortgages, ..... 304 90 

for interest from all other sources, .... 592 11 

for rents, 229 00 

Deposit notes received during the year . . $6,940 17 

Gross Cash Income, . . . .... $3,460 40 



1877.] 



INSURANCE COMPANIES. 



53 



Expenditures. 

Gross amount paid for losses during the year, 
Paid for brokerage and commissions, 

for State and local taxes, 

for profits or surplus on terminated policies, 

for rents, 

for office agency and incidental expenses, 



$405 


00 


462 70 


120 


15 


570 


70 


444 24 


122 


33 



Gross Cash Expenditures, 



!,125 12 



Miscellaneous. 



Risks outstanding Dec. 31, 1876, 
written during 1877, 
Total, .... 
Risks terminated during 1877, 



$1,333,310 00 

287,725 00 



-$1,621,035 00 
. 327,735 00 



Net amount in force Dec. 31, 1877, .... $1,293,300 00 

Deposit notes received on outstanding risks, .... 19,040 92 
Losses incurred during the year, . ..... 405 00 

Percentage of profits or surplus returned during 1877, 25 per cent. 

Average rate to date, 25 per cent. 

Highest rate of interest received during the year, 8 per cent. 



NEWBURYPORT MUTUAL FIRE INSURANCE COMPANY, NEW- 

BURYPORT. 

[Incorporated Feb. 1829. Commenced business May 1, 1829.] 

Amos Noyes, President. Secretary, Joseph J. Knapp. 

Office, No. 2% State Street. 



Detailed Statement of Stocks, 



Lowell city bonds, 6s, 

Lawrence city bonds, 6s, 

Fall River city bonds, 6s, 

Hyde Park town bonds, 6s, 

Natick town bonds, 

100 shares Merchants' National Bank, 
18 " Mechanics' National Bank, 
31 " Ocean National Bank, . 
15 " "Washington National Bank, 

Eastern Railroad bonds, 7s, . 



Bonds, Etc. 

Par value. 

$2,000 00 
1,000 00 
1,000 00 
1,000 00 
2,000 00 
2,000 00 
1,800 00 
1,550 00 
1,500 00 
5,500 00 



Market value. 

$2,120 00 

1,060 00 

1,060 00 

1,040 00 

2,060 00 

2,600 00 

2,340 00 

1,953 00 

1,965 00 

2,915 00 



$19,350 00 $19,113 00 



54 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Summary of Assets, Dec. 31, 1877. 

Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, . 

deposited in the Institution for Savings, . 

in the Newburyp't Savings Bk, 

in the Merchants' Nat'l Bank, 

Interest due and accrued, .... 

Office furniture, . . . ' . $225 40 

Gross Assets, 

Liabilities. 
Unearned premiums on outstanding risks, 
Dividends of profits unpaid, .... 
Office and incidental expenses, 

Gross Liabilities, 

Surplus, $17,713 35 

Income. 

Gross cash premiums received during the year, 
Deduct return premiums and re-insurance, 
Net cash premiums received, .... 
Received for interest from all sources, 

for rents, . . . . 

from all other sources; viz., policy fees, . 
Deposit notes received during the year, . 



$19,113 


00 




61 


30 




1,176 


66 




1,170 


96 




655 


98 




80 00 








$22,257 90 






$4,429 


63 




24 92 




90 


00 


4,544 55 







$1,252 20 




• 50 05 






$1,202 15 




. . . 


1,240 63 


... 


32 00 


, . . 


51 95 


$9,317 30 





Gross Cash Income, 



1,526 73 



Expenditures. 

Paid for salaries and fees of officers and employees, 
for State and local taxes, .... 

for profits or surplus on terminated policies, . 

for rents, 

for office agency and incidental expenses, 

Gross Cash Expenditures, 

Miscellaneous. 



Risks outstanding Dec. 31, 1876, 
written during 1877, 
Total, .... 
Risks terminated during 1877, 



$724,910 00 
96,100 00 



$275 00 


82 


1,170 45 


75 00 


51 32 



$1,572 59 



$821,010 00 
94,745 00 



Net amount in force Dec. 31, 1877, . ... .$726,26500 

Deposit notes received on outstanding risks, .... 24,864 50 
Percentage of profits or surplus returned during 1877, 100 per cent. 
Average rate to date, 100 per cent. 
Highest rate of interest received during the year, 6 per cent. 



1877.] 



INSURANCE COMPANIES. 



55 



NORFOLK MUTUAL FIRE INSURANCE COMPANY, DEDHAM. 

[Incorporated Feb. 12, 1825. Commenced business July 1, 1825.] 

Ira Cleveland, President. Secretary, Preston R. Mansfield. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States 5-20 bonds, .... $39,000 00 $41,035 25 

Chicago city sewerage loans, 7s, . . . 7,000 00 7,490 00 

Cincinnati city bonds, 7 T %s, .... 25,000 00 25,000 00 

Marquette and Ontonagon Railroad bonds, 8s, 32,000 00 30,780 00 

Phila. and Reading Railroad bonds, 7s, . . 8,000 00 8,000 00 

Old Colony Railroad bonds, 6s, . . . 6,000 00 6,120 00 

New England Mortgage Security bonds, 7s, . 18,000 00 18,900 00 

Personal loan, 400 00 

$137,725 25 



Summary of Assets, Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens) 
Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, . 

deposited in the Dedham Nat'l Bank, 
Premiums in course of collection (net), . 
Interest due and accrued, 
Rents accrued, * 
Gross Assets, 

Liabilities. 

Losses and claims adjusted, but not due, 
Unearned premiums on outstanding risks, 
Return premiums on cancelled policies, . 
Dividends of profits unpaid, . 
Office and incidental expenses, 

Gross Liabilities, .... 



Surplus, 



31, 1877. 

$12,500 00 

103,250 00 

137,725 25 

3,004 08 

5,093 21 

7,099 59 

5,155 79 

450 00 



$900 00 

126,611 79 

127 63 

7,627 11 

848 56 



Income. 



Gross cash premiums received during the year, 

Deduct return premiums and re-insurance, 

Net cash premiums received, . 

Received for interest on mortgages, 

for interest from all other sources, 
for rents, .... 

from policy fees, 

Deposit notes received during the year, . 

Gross Cash Income, 



$59,606 35 
92 45 



$116,760 94 



$274,277 92 



136,115 09 



$138,162 83 



$59,513 90 
7,708 37 

• 8,761 45 

1,140 00 

25 00 



$77,148 72 



56 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Expenditures. 

Gross amount paid for losses during the year, . . . $14,675 28 

Paid for brokerage aud commissions, 8,940 95 

for salaries and fees of officers and employees, . . 3,582 19 

for State and local taxes, ...... 443 10 

for profits or surplus on terminated policies, . . . 28,726 46 

for office agency and incidental expenses, . . . 1,283 27 

Gross Cash Expenditures, $57,651 25 

Miscellaneous. 
Risks outstanding Dec. 31, 1876, . .$15,162,217 00 



written during 1877, 
Total, .... 
Risks terminated during 1877, 

re-insured during 1877, 
Total deductions, 



3,679,357 40 



-$18,841,574 40 



[,930,614 00 
9,000 00 



3,939,614 00 



Net amount in force Dec. 31, 1877, $14,901,960 40 

Deposit notes received on outstanding risks, . . . 492,522 18 

Losses incurred during the year, ..... 12,655 26 

Percentage of profits or surplus returned during 1877, 33^- to 50 per cent. 
Highest rate of interest received during the year, 8 per cent. 



QUINCY MUTUAL FIRE INSURANCE COMPANY, QUINCY. 

[Incorporated March 22, 1851. Commenced business 1851.] 

Israel W. Munroe, President. Secretary, Charles A. Howland. 



Detailed Statement of Stocks, 



United States registered bonds, 6s, 

" " 5-20 registered bonds, 

200 shares Manufacturers' National Bank, 

40 

91 

25 
100 

66 

48 

61 

50 

50 

50 
197 

25 

50 

54 



Merchants' National Bank, 
Third National .Bank, 
State National Bank, 
North National Bank, . 
Washington National Bank, 
Second National Bank, . 
Blackstone National Bank, 
First National Bank, 
•Revere National Bank, . 
Hamilton National Bank, 
Mt. Wollaston National Bank 
Granite National Bank, . 
Wachusett National Bank, 
Hingham National Bank, 



Bonds, Etc. 

Par value. 

$10,000 00 
5,000 00 

20,000 00 
4,000 00 
9,100 00 
2,500 00 

10,000 00 
6,600 00 
4,800 00 
6,100 00 
5,000 00 
5,000 00 
5,000 00 

19,700 00 
2,500 00 
5,000 00 
3,780 00 



Market value. 

$10,687 50 

5,293 75 

20,000 00 

5,200 00 

9,100 00 

2,725 00 

11,800 00 

8,712 00 

6,720 00 

6,344 00 

9,050 00 

5,400 00 

5,600 00 

26,792 00 

3,250 00 

5,000 00 

4,050 00 



1877.] 



INSURANCE COMPANIES. 



57 



38 shares First National Bank, So. Weymouth, $3,800 00 $4,940 00 



44 " Union National Bank, Weymouth, 
311 " Old Colony and Newport Railroad, 
174 " Boston and Albany Railroad, 
5 '.' Citizens' Gas-Light Company, 
Loaned on assignment of mortgage, .( 



4,400 00 4,796 00 

31,100 00 29,856 00 

17,400 00 21,576 00 

500 00 500 00 

3,000 00 







$210,392 25 


Securities held as collateral for cash loans : — 








Market value. Loaned thereon. 


107 shares Hingham Cordage Company, 


$11,770 00 


$10,000 00 


17 " ■ Lawrence Cotton Duck Company, . 


20,400 00 


15,000 00 




$32,170 00 


$25,000 00 


Summary of Assets, Dec. 


31, 1877. 




Cash value of unencumbered real estate, 


$7,000 00 




Loans on mortgage of real estate (first liens) , 


60,090 00 




Stocks, bonds, etc., as per schedule, 


210,392 25 




Loans on collateral security, as per schedule, . 


25,000 00 




Cash in the office of the company, . 


300 00 




deposited in the Mt. Wollaston Nat'l B'k, 


8,600 56 




deposited in the Manufact'rs' Nat'l B'k, 


27,626 36 




Premiums in course of collection (net), . 


14,263 95 




Interest due and accrued, .... 


8,843 46 




Suspense account, .... $896 18 






Office furniture, .... 1,608 69 






(tTHQC! A QQP'ta 




$362,116 58 


VJlUoo XXoOCUoj •••••• 




Liabilities. 






Adjusted losses and claims, due and unpaid, . 


$41 00 




Claimed and reported losses, not adjusted, 


900 00 




Unearned premiums on outstanding risks, 


196,203 69 




Dividends of profits unpaid, .... 


1,000 00 




State and local taxes, due or accrued, 


138 92 




Office and incidental expenses, 


462 32 




Gross Liabilities, 




198,745 93 




$163,370 65 


Income. 






Gross cash premiums received during the year, 


$98,911 86 




Deduct return premiums and re-insurance, 


47 50 




Net cash premiums received, .... 




$98,864 36 




Received for interest on mortgages, 


. • . 


4,031 34 


for interest from all other sources, . 


... 


13,270 75 


Deposit notes received during the year, . 
8 


$98,911 86 




$116,166 45 



58 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Expenditures. 

Gross amount paid for losses during the year, 
Paid for brokerage and commissions, 

for salaries and fees of officers and employees 

for State and local taxes, 

for profits or surplus on terminated policies, 

for office agency and incidental expenses, 

Gross Cash Expenditures, 



$25,519 03 

15,097 82 

8,593 70 

1,268 89 

35,525 35 

4,654 78 



,659 57 



Miscellaneous. 



Risks outstanding Dec. 31, 1876, 
written during 1877, 
Total, .... 
Risks terminated during 1877, 
re-insured during 1877, 
Total deductions, 



$25,973*257 00 
7,011,748 00 



$7,106,004 00 
2,250 00 



-$32,985,005 00 



7,108,254 00 



Net amount in force Dec. 31, 1877, .... $25,876,751 00 

Deposit notes received on outstanding risks, .... 392,571 87 

Losses incurred during the year, 26,460 03 

Percentage of profits or surplus returned during 1877, 20 to 50 per cent. 
Highest rate of interest received during 'the year, 9 per cent. 



SALEM MUTUAL FIRE INSURANCE COMPANY, SALEM. 

[Incorporated April 17, 1838. Commenced business May, 1838.] 

Charles S. Nichols, President. Secretary, Samuel A. Potter. 

Office, No. 97 Washington Street. 

Detailed Statement of 



City of Chelsea bond, 
City of Toledo bond, 8s, 
Springfield city bonds, 7s, 
Cincinnati city bonds, 7 T 3 g-, 
Cleveland city bonds, 7s, 
Cincinnati city bonds, 7s, 
Chicago city bonds, 7s, . 
Peoria city bonds, 7s, 
St. Louis county bonds, 6s, 
St. Albans bonds, 6s, 
20 shares Salem National Bank, 
14 " Asiatic National Bank, 

5 " National Exchange Bank, 

6 " Cambridge Horse Railroad, 



Stocks, Bonds, Etc. 




Par value. 


Market value. 


$1,000 00 


$1,100 00 




1,000 00 


1,080 00 




1,000 00 


1,180 00 




1,000 00 


985 00 




1,000 00 


1,110 00 




1,000 00 


1,100 00 




1,000 00 


1,070 00 




1,000 00 


1,030 00 




1,000 00 


1,050 00 




100 00 


99 00 




2,000 00 


2,340 00 




420 00 


588 00 




500 00 


590 00 




600 00 


648 00 



1877.] 



INSURANCE COMPANIES. 



59 



Boston and Maine Railroad bond, 7s, 
Worcester and Nashua Railroad bond, 7s, 
Eastern Railroad bond, 7s, . 
Essex Railroad bond, 6s, 
15 shares Salem Gas Light Company, 
2 " Lynn Gas Light Company, 



$1,000 00 


$1,100 00 


1,000 00 


1,050 00 


1,000 00 


525 00 


1,000 00 


500 00 


1,500 00 


1,455 00 


200 00 


180 00 


$18,320 00 


$18,780 00 



Summary of Assets, Dec. 31, 1877. 

Loans on mortgage of real estate (first liens), $5,300 00 

Stock, bonds, etc., as per schedule, . . 18,780 00 

Cash in the office of the company, . . . 1,094 65 

Premiums in course of collection (net), . . 350 60 

Interest accrued, 395 40 

Gross Assets, 



25,920 65 



Liabilities. 

Unearned premiums on outstanding risks, 
Dividends of profits unpaid, . 
State and local taxes, due or accrued, 
Office and incidental expenses, 

Gross Liabilities, 



5,965 67 

378 21 

1 51 

375 00 



9,720 39 



Surplus, $16,200 26 



Income. 

Gross cash premiums received during the year, 
Deduct return premiums and re-insurance, 
Net cash premiums received, .... 
Received for interest on mortgages, 

for interest from all other sources, . 

from assessments on deposit notes, . 
Deposit notes received during the year, . 



$5,751 88 




171 03 






$5,580 85 
375 20 


... 


. 


1,333 28 


. . 


7 50 


$10,836 77 





Gross Cash Income, 



$7,296 83 



Expenditures. 

Gross amount paid for losses during the year, 
Paid for brokerage and commissions, 

for salaries and fees of officers and employees, 

for State and local taxes, .... 

for profits or surplus on terminated policies, . 

for office agency and incidental expenses, 

Gross Cash Expenditures, .... 



. $5,316 95 


54 62 


1,408 00 


33 81 


3,120 52 


219 65 


. . $10,153 55 



60 MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Miscellaneous. 



Risks outstanding Dec. 31, 1876, 
written during 1877, 
Total, .... 
Risks terminated during 1877, 
re-insured during 1877, . 
Total deductions, 



$1,156,650 00 
390,350 00 

$1,547,000 00 

$461,100 00 
2,500 00 
463,600 00 



Net amount in force Dec. 31, 1877, .... $1,083,400 00 

Deposit notes received on outstanding risks, .... 53,869 02 

Losses incurred during the year, . . .... 3,544 85 

Percentage of profits or surplus returned during 1877, 50 per cent. 

Average rate to date, 50 per cent. 

Highest rate of interest received during the year, 8 per cent. 



SALISBURY AND AMESBURY MUTUAL FIRE INSURANCE 
COMPANY, AMESBURY. 

[Incorporated May 18, 1855. Commenced business Dec. 1, 1855.] 

David L. Dearborn, President. Secretary, William C. Binney. 

Office, No. 11 Main Street. 

Summary of Assets, Dec. 31, 1877. 

Cash in the office of the company, . . . $94 47 

deposited in the savings bank, . . 3,946 58 

Premiums in course of collection (net) , . . 125 84 

Office safe, . . . . . $100 00 

Gross Assets, $4,166 89 

Liabilities. 

Unearned premiums on outstanding risks, . $1,346 46 

Gross Liabilities, 1,346 46 

Surplus, $2,820 43 

Income. 

Gross cash premiums received during the year, . . . $691 93 

Received for interest from all sources, ..... 193 64 

from policy fees, . . . .... 89 00 

Deposit notes received during the year, . . $6,919 36 

Gross Cash Income, . $974 57 



1877.] INSURANCE COMPANIES. 61 



Expenditures. 

Gross amount paid for losses during the year, 
Paid for brokerage and commissions, 

for salaries and fees of officers and employees, 

for State and local taxes, .... 

for profits or surplus on terminated policies, . 

for office agency and incidental expenses, 



$373 21 

89 00 

150 00 

6 28 

29 21 

19 12 



Gross Cash Expenditures, $666 82 

Miscellaneous. 

Risks outstanding Dec. 31, 1876, . . . $395,068 00 
written during 1877, .... 86,302 00 

Total, $481,370 00 

Risks terminated during 1877, 109,072 00 



Net amount in force Dec. 31, 1877, $372,298 00 

Deposit notes received on outstanding risks, .... 26,929 33 

Losses incurred during the year, . . .... 373 21 

Percentage of profits or surplus returned during 1877, 10 per cent. 

Average rate to date, 10 per cent. 

Highest rate of interest received during the year, 5 per cent. 



SAUGUS MUTUAL FIRE INSURANCE COMPANY, SAUGUS. 

[Incorporated Feb. 24, 1852. Commenced business April 1, 1852.] 

Hakmon Hall, President. Secretary, Wilbur F. Newhall. 

Office at East Saugus. 

[Note. — This company insures nothing but dwellings, farm-buildings, 
and their contents, in Lynn, Saugus, Lynnfield, Swampscott, and Nahant. 
No cash premiums are taken, but assessments are made on deposit notes, 
to pay losses and expenses. All policies are issued for a term of three 
years.] 

Summary of Assets, Dec. 31, 1877. 

Cash in the office of the company, . . . $268 21 

Net amount of unpaid assessments, . . 375 00 

Rent due, 110 87 

Office property, .... $250 00 

Gross Assets, $754 08 

Liabilities. 

Claimed and reported losses, not adjusted, . $400 00 

Owing for borrowed money, secured by 

directors' note, 1,011 66 

Gross Liabilities, $1,411 66 



62 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Income. 

Received from assessments on deposit notes, 

from policy fees, 
Deposit notes received during the year, . 



,511 00 



Gross Cash Income, 



Expenditures. 



Gross amount paid for losses during the year, 
Paid for salaries and fees of officers and employees, 

for interest on borrowed money, . 

for State and local taxes, 
Borrowed money, repaid, .... 
Paid for rents, 

for office agency and incidental expenses, 

Gross Cash Expenditures, . . • 

Miscellaneous. 



,748 10 
533 00 



$2,281 10 



$150 64 


1,250 00 


118 00 


17 00 


800 00 


175 00 


45 68 



$2,556 32 



Risks outstanding Dec. 31, 1876, . . $2,554,570 00 
written during 1877, . ... . 839,025 00 

Total, $3,393,595 00 

Risks terminated during 1877, 839,150 00 

Net amount in force Dec. 31, 1877, . ... $2,554,445 00 

Deposit notes received on outstanding risks, . . ' . . 308,532 00 

Losses incurred during the year, 550 64 

Assessments laid on deposit notes, . ...... 1,966 65 

Highest rate of interest paid during the year, 6 per cent. 



SHELBURNE MUTUAL FIRE INSURANCE COMPANY, 

SHELBURNE. 

[Incorporated June 8, 1877. Commenced business July 4, 1877.] 

Nathan O. Newhall, President. Secretary, Williams T. Peck. 

[Note. — Insures property in the town of Shelburne only ] 

Summary of Assets, Dec. 31, 1877. 

Cash in the office of the company, . . . $94 33 

deposited in Shelburne Falls Savings Bk, 429 25 

Premiums in course of collection (net), . , 32 00 

Gross Assets, ...... $555 58 



Income. 

Received from assessment on deposit notes, 
Deposit notes received during the year, . 

Gross Cash Income, . • . • 



1,436 70 



$643 67 



$643 67 



1877.] 



INSURANCE COMPANIES. 



63 



Expenditures. 

Paid for State and local taxes, $5 54 

for office agency and incidental expenses, ... 82 55 

Gross Cash Expenditures, $88 09 

Miscellaneous. 
Risks written during 1877, $106,558 00 



Net amount in force Dec. 31, 1877, 

Deposit notes received on outstanding risks, . 

Assessments laid on deposit notes (10 per cent.), . 



$106,558 00 

6,436 70 

643 67 



SOUTH DANVERS MUTUAL FIRE INSURANCE COMPANY, PEA- 
BODY. 

[Incorporated June 12, 1829. Commenced business Aug. 1, 1829.] 

Isaac B. Elliot, President. Secretary, George A. Osborne. 

Office, Main Street. 



Detailed Statement of Stocks, 



United States bonds, .... 

Boston city bonds, 6s, 

Cincinnati city bonds, 7 T 3 7 s, . 

48 shares Warren National Bank, Peabody, 

45 

51 

20 

18 

12 

34 



30 



South Dan vers Nat'l Bank, Peabody 
Asiatic National Bank, Salem, . 
Naumkeag National Bank, Salem, 
National Exchange Bank, Salem, 
First National Bank, Salem, . 
First National Bank, Danvers, . 
Andover National Bank, Andover, 
Nat'l Hide and Leather B'k, Boston, 



Eastern Railroad bonds, . 



Bonds, Etc. 

Par value. 

$6,000 00 
3,000 00 
3,000 00 
4,800 00 
4,500 00 
1,530 00 
2,000 00 
1,800 00 
1,200 00 
2,550 00 
800 00 
3,000 00 
2,000 00 



Market value. 

$6,360 00 
3,330 00 
3,090 00 
6,480 00 
6,300 00 
1,785 00 
2,900 00 
2,124 00 
1,416 00 
3,060 00 
920 00 
3,240 00 
1,000 00 



$36,180 00 $42,005 00 



Summary of Assets, Dec. 31, 1877. 

Loans on mortgage of real estate (first liens), . $200 00 

Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, . 

deposited in the South Danvers Nat'l B'k, 
Premiums in course of collection (net), . 
Interest due and accrued, .... 

Gross Assets, 



42,005 00 




142 75 




4,623 95 




36 00 




373 00 






$47,380 70 



64 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 
Liabilities. 



$11,005 87 




398 70 




237 50 






$11,642 07 





Unearned premiums on outstanding risks, 
Return premiums on cancelled policies, . 

Salaries, 

Gross Liabilities, .... 



Surplus, . . . . . ..... $35,738 63 

Income. 

Gross cash premiums received during the year, 
Deduct return premiums and re-insurance, 
Net cash premiums received, .... 
Received for interest on mortgages, 

for interest from all other sources, . 

from all other sources; viz., policy fees, . 
Deposit notes received during the year, . 

Gross Cash Income, . $5,228 25 



$2,527 25 




67 50 






$2,459 75 




." . . 


12 00 


. 


2,658 50 


, . 


98 00 


$6,681 75 





Expenditures. 

Gross amount paid for losses during the year, . 
Paid for salaries and fees of officers and employees, 

for State and local taxes, .... 

for profits or surplus on terminated policies, . 

for office agency and incidental expenses, 

Gross Cash Expenditures, .... 



$50 00 


984 50 


7 53 


1,800 09 


12 25 



1,854 37 



Miscellaneous. 

Risks outstanding Dec. 31, 1876, . . . $983,480 00 
written during 1877, . . . . 111,475 00 

Total, . . . . . . . $1,094,955 00 

Risks terminated during 1877, . . . . . . 98,375 00 

Net amount in force Dec. 31, 1877, 996,580 00 

Deposit notes received on outstanding risks, .... 45,650 00 

Losses incurred during the year, 50 00 

Percentage of profits or surplus returned during 1877, 75 to 100 per cent. 

Average rate to date, 70 per cent. 

Highest rate of interest received during the year, 8 per cent. 



1877.] 



INSURANCE COMPANIES. 



65 



TRADERS AND MECHANICS' INSURANCE COMPANY, LOWELL. 

[Incorporated June, 1848. Commenced business June, 1848.] 
Levi Sprague, President. Secretary, E. M. Tucke. 



Detailed Statement of Stocks, 



Cook county bonds, 
United States bonds, 
St. Albans village bonds, 
Lynn city bonds, 
Cambridge city bonds, . 
Lowell city bonds, . 
50 shares Connecticut River Railroad, 
Boston and Lowell Railroad bonds, 
Vermont and Massachusetts Railroad bonds, 
5 shares Lowell Manufacturing Company, 
8 
3 

15 

30 

50 

20 

50 
190 

30 



Merrimack Manufacturing Co., 
Massachusetts Manufacturing Co., 
Middlesex Manufacturing Co., 
Tremont and Suffolk Mills, . 
Vassalboro' Mills, . 
Androscoggin Mills, 
Lowell Gas Company, 
Traders' and Mechanics' Ins 
Old Lowell National Bank, 



Co. 



Loaned on personal security, 



Securities held as collateral for cash loans : 

3 shares Merrimack Manufacturing Co., 
1,000 " Vassalboro' Manufacturing Co., 

100 " Pemberton National Bank, . 
Bement (111.) bonds, .... 
10 shares Merchants' Bank, . 
114 u Nashua and Lowell Railroad, 



Summary of Assets, Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens), 
Stocks, bonds, etc., as per schedule, 
Loans on collateral security, as per schedule, 
Cash in office and bank, .... 
Premiums in course of collection (net), . 
Interest due and accrued, 

Gross Assets, 



Bonds, Etc. 

Par value. 

$2,500 00 
6,000 00 
3,000 00 
5,000 00 
5,000 00 
3,000 00 
5,000 00 

15,000 00 
2,500 00 
3,450 00 
8,000 00 
3,000 00 
1,500 00 
3,000 00 
5,000 00 
2,000 00 
5,000 00 

19,000 00 
3,000 00 



Market value. 

$2,650 00 
6,480 00 
3,000 00 
5,300 00 
5,400 00 
3,240 00 
6,250 00 

16,050 00 
2,650 00 
2,875 00 

10,600 00 
3,075 00 
2,475 00 
3,975 00 
2,000 00 
2,000 00 
8,500 00 

19,950 00 

3,750 00 

800 00 



$111,020 00 



Market value. Loaned thereon. 

$3,975 00 > 

4,000 00 > 
13,500 00 ) 

2,000 00 \ 

1,000 00 400 00, 

9,830 00 11,000 00 



$5,000 00 



14,000 00 



$34,305 00 $30,400 00- 

31, 1877. 

$2,500 00 

85,670 00 

111,020 00 

30,400 00 

7,891 78 

2,082 32 

1,569 2.6 

$241,133 36; 



6Q 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Liabilities. 

Losses and claims adjusted, but not due, . $200 00 

Unearned premiums on outstanding risks, . 113,697 85 

Gross Liabilities, ..... — 



$113,897 85 



Surplus, $127,235 51 

Income. 



Gross cash premiums received during the year, 
Deduct return premiums and re-insurance, 
Net cash premiums received, .... 
Received for interest from all sources, 



2,959 40 
1,649 46 



Gross Cash Income, 



Expenditures. 



Gross amount paid for losses during the year, 
Paid for brokerage and commissions, , . ... 
for salaries of officers and employees, and expenses, 

for State and local taxes, 

for profits or surplus on terminated policies, . 

Gross Cash Expenditures, 

Miscellaneous. 



$51,309 94 
12,493 83 

$63,803 77 



$15,208 94 

6,981 37 

6,210 31 

445 02 

16,529 72 



$45,375 36 



Bisks outstanding Dec. 31, 1876, 
written during 1877, 
Total, .... 

Eisks terminated during 1877, 



$14,624,747 00 
3,701,361 00 

$18,326,108 00 

3,868,023 00 



Net amount in force Dec. 31, 1877, .... $14,458,085 00 
Deposit notes received on outstanding risks, . . . 230,436 93 

Losses incurred during the year, . . . . . 14,526 54 

Percentage of profits or surplus returned during 1877, * per cent. 
Highest rate of interest received during the year, 8 per cent. 



WESTFIELD MUTUAL FIRE INSURANCE COMPANY, WEST- 
FIELD. 

[Incorporated, March 30, 1852. Commenced business, Nov. 1, 1852.] 

James H. Waterman, President. Secretary, W. H. Footk. 

Summary of Assets, Dec. 31, 1877. 

Cash in the office of the company, . . . $156 39 

deposited in the Westfield Savings Bank, 1,125 00 

deposited in the Woronoco Savings Bank, 5,250 00 

Interest due and accrued, ...... . . <, 149 37 

Office safe, . .. . . . $390 00 

Gross Assets, . ...... ... - — — $6,680 76 

* 10, 20, 30 per cent., to Oct. 1. 20., 30, 50 per cent, since. 



1877.] 



INSURANCE COMPANIES. 



67 



Liabilities. 

Unearned premiums on outstanding risks, 
Dividends of profits unpaid, . 
State and local taxes, due or accrued, 

Salaries, 

Gross Liabilities, .... 



^5,715 75 

16 00 

2 73 

48 00 



$5,782 48 



Surplus, 



$898 28 



Income. 

Gross cash premiums received during the year, 
Deduct return premiums and re-insurance, 
Net cash premiums received, .... 
Received for interest from all sources, 
Deposit notes received during the year, . 



Gross Cash Income, $2,199 25 



$1,904 83 




52 13 






$1,852 70 




• • • 


346 55 


$4,672 29 





Expenditures. 

Gross amount paid for losses during the year, 
Paid for brokerage and commissions, 

for salaries and fees of officers and employees, 

for State and local taxes, .... 

for profits or surplus on terminated policies, . 

for rents, . 

for office agency and incidental expenses, 

Gross Cash Expenditures. .... 



$2,192 73 


190 


75 


35 00 


11 


03 


655 


92 


80 


00 


54 


12 



$3,219 55 



Miscellaneous. 



Risks outstanding Dec. 31, 1876, 
written during 1877, 
Total, .... 
Risks terminated during 1877, 



$826,750 00 
148,750 00 



$975,500 00 
159,600 00 



Net amount in force Dec. 31, 1877, $815,900 00 

Deposit notes received on outstanding risks, .... 23,763 49 

Losses incurred during the year, 2,192 73 

Percentage of profits or surplus returned during 1877, 20-30-40 per cent. 
Highest rate of interest received during the year, 5 per cent. 



68 MASSACHUSETTS MUTUAL FIRE [Dec. 31, 

WESTFORD MUTUAL FIRE INSURANCE COMPANY, WESTFORD. 

[Incorporated March 20, 1840. Commenced business July 1, 1840.] 

Allan Cameron, President. Secretary, J. Henry Read. 

Summary of Assets, Dec. 31, 1877. 

Loans on personal security, .... $970 00 

Cash in the office of the company, . . . 270 76 

deposited in the Mechanics' Savings B'k, 80 00 

deposited in the Central Savings Bank, . 90 00 

Gross Assets, $1,410 76 

Liabilities. 

Unearned premiums on outstanding risks, . $2,626 61 

Gross Liabilities, . . . . . 2,626 61 

Balance against the Company, . . .... $1,215 85 

Income. 

Gross cash premiums received during the year, $1,069 95 
Deduct return premiums and re-insurance, . 3 00 

Net cash premiums received, .... $1,066 95 

Deposit notes received during the year, . . $2,139 90 

Gross Cash Income, . . $1,066 95 

Expenditures. 

Gross amount paid for losses during the year, ... $5 00 

Paid for salaries and fees of officers and employees, . . 10 00 

for State and local taxes, 7 76 

for office agency and incidental expenses, ... 3 50 

Gross Cash Expenditures, $26 26 

Miscellaneous. 

Risks outstanding Dec. 31, 1876, . . . $635,700 00 
written during 1877, .... 112,825 00 

Total, . . . . . . . $748,525 00 

Risks terminated during 1877, . . .... 174,405 00 



Net amount in force Dec. 31, 1877, $574,120 00 

Deposit notes received on outstanding risks, .... 10,547 66 
Losses incurred during the year, 5 00 



1877.] 



INSURANCE COMPANIES. 



69 



WEST NEWBURY MUTUAL FIRE INSURANCE COMPANY, WEST 

NEWBURY. 

[Incorporated Feb. 8, 1828. Commenced, business April 4, 1828.] 

Wm. Merrill, President. Secretary, George W. Carr. 

Office at West Newbury. 

[Note. — This company charges no cash premium, but relies upon 
assessments on deposit notes to pay losses and expenses.] 

Summary of Assets, Dec. 31, 1877. 



Cash in the office of the company, . 
Office safe and furniture, 

Gross Assets, .... 



$29 87 



$36 00 



Liabilities. 

Claimed and reported losses, not adjusted 
Owing for borrowed money, secured by trea- 
surer's note, 

Office and incidental expenses, 

Gross Liabilities, 

Income. 

Received from assessments on deposit notes, . 
for policy fees, . 
for treasurer's note, . 

Deposit notes received during the year, . 

Gross Cash Income, 



$41 00 

1,266 00 
451 00 



$29 87 



$123 00 
600 00 

$13,721 35 



Expenditures. 
Gross amount paid for losses during the year, 
Paid for brokerage and commissions, 

for salaries and fees of officers and employees, 

for interest on borrowed money, 

for State and local taxes, 

on terminated policies, .... 

for rents, ...... 

for office agency and incidental expenses, 

Gross Cash Expenditures, 



[$1,758 00 



$43 74 



723 00 



$766 74 



$222 00 

1 07 

387 75 

31 22 

3 57 

6 00 

11 00 

74 26 

$736 87 



Miscellaneous. 
Risks outstanding Dec. 31, 1876, . . $1,984,598 00 
written during 1877, . . . 247,457 00 

Total, $2,232,055 00 

Risks terminated during 1877, 163,850 00 



Net amount in force Dec. 31, 1877, 
Deposit notes received on outstanding risks, 
Losses incurred during the year, 



$2,068,205 00 

. 102,941 93 

263 00 



70 MASSACHUSETTS MUTUAL FIRE [Dec. 31, 

WEYMOUTH AND BRAINTREE MUTUAL FIRE INSURANCE 
COMPANY, WEYMOUTH. 

[Incorporated Feb. 20, 1833. Commenced business Aug. 1, 1833.] 

Naaman L. White, President. Secretary, Elias Richards. 

Detailed Statement of Stocks, Bonds, Etc. 

Central Pacific Railroad bonds, 

Union Pacific Railroad bonds, 

Bur., Cedar Rapids and No. R.R. bonds, 

Nashua and Rochester Railroad bonds, . 

21 shares Bur., Cedar Rapids and No. R.R., . 

Personal loans, 



Par value. 


Market value. 


$2,000 00 


$2,080 00 


2,000 00 


2,080 00 


2,400 00 


2,040 00 


3,000 00 


3,000 00 


2,100 00 


945 00 




386 80 



,531 80 
Summary of Assets, Dec. 31, 1877. 

Stocks, bonds, etc., as per schedule, . . $10,531 80 
Cash in the office of the company, . ... 613 04 

Premiums in course of collection (net), . . 550 87 

Safe and office fixtures, . . . $300 00 

Gross Assets, $11,695 71 

Liabilities. 

Losses and claims adjusted, but not due, . $252 67 

Unearned premiums on outstanding risks, . 15,453 19 

Gross Liabilities, ..... 15,705 86 



$4,259 49 




400 25 






$3,859 24 




... 


549 30 


$10,074 48 





Balance against the Company, $4,010 15 

Income. 

Gross cash premiums received during the year, 
Deduct return premiums and re-insurance, 
Net cash premiums received, .... 
Received for interest from all sources, 
Deposit notes received during the year, . 

Gross Cash Income, . . $4,408 54 

Expenditures. 

Gross amount paid for losses during the year,. 
Paid for brokerage and commissions, 

for salaries and fees of officers and employees 

for State and local taxes, 

for rents, 

for office agency and incidental expenses, 

Gross Cash Expenditures, . . . $4,997 61 



$3,683 00 


589 


01 


312 


25 


46 


51 


17S 


72 


188 


12 



1877.] 



INSURANCE COMPANIES. 



71 



Miscellaneous. 

Risks outstanding Dec. 81, 1876, . .. $1,958,031 00 

written during 1877, . . . 281,075 00 

Total, $2,239,106 00 

Risks terminated during 1877, . . $740,457 00 

re-insured during 1877, . . . 4,750 00 

Total deductions, .... 745,207 00 

Net amount in force Dec. 31, 1877, $1,493,899 00 

Deposit notes received on outstanding risks, . . . 60,268 57 

Losses incurred during the year, ..... 3,367 17 

Highest rate of interest received during the year, 8 per cent. 



WORCESTER MANUFACTURERS' MUTUAL INSURANCE COM- 
PANY, WORCESTER. 

[Incorporated March 31, 1855. Commenced business March 31, 1855.] 

George M. Rice, President. Secretary, Sam'l R. Barton. 

Office, No. 448 Main Street. 



Detailed Statement of Stocks, 



Boston and Albany Railroad bonds, 
Boston and Fitchburg Railroad bonds, 
Old Colony Railroad bonds, . 
United States registered bonds, 
" " coupon bonds, . 
60 shares City National Bank, 
Corporation notes, indorsed, . 
Worcester City bonds, . 



Bonds, Etc. 

Par value. 

$26,000 00 
15,000 00 
25,000 00 
35,000 00 
10,000 00 
6,000 00 



10,000 00 



Summary of Assets, Dec. 31, 1877. 

Stocks, bonds, etc., as per schedule, . . $144,393 57 

Cash in the office of the company, . . . 73 06 

deposited in the Worcester S. D. & T. Co. , 18,843 92 

Gross Assets, 



Market value. 

$28,964 00 

16,680 00 

27,750 00 

38,718 75 

11,097 50 

6,750 00 

3,333 32 

11,100 00 

$144,393 57 



$163,310 55 



Liabilities. 

Claimed and reported losses, not adjusted, 
Unearned premiums on outstanding risks, 
State and local taxes, due or accrued, 
Gross Liabilities, .... 



,871 46 
73,483 20 
242 16 



113,596 82 



Surplus, 



,713 73 



72 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Income. 

Gross cash premiums received during the year, $148,490 25 
Deduct return premiums and re-insurance, . 1,523 86 

Net cash premiums received, .... 

Received for interest from all sources, ..... 
Deposit notes received during the year, . . $736,343 30 



$146,966 39 
8,740 55 



Gross Cash Income, $155,706 94 



Expenditures. 

Gross amount paid for losses during the year, 
Paid for salaries and fees of officers and employees, 

for State and local taxes, .... 

for profits or surplus on terminated. policies, . 

for rents, ....... 

for office agency and incidental expenses, 



Gross Cash Expenditures, 



$40,642 11 

4,404 40 

1,484 75 

109,927 32 

600 00 

469 60 

$157,528 18 



Miscellaneous . 



Risks outstanding Dec. 31, 1876, 
written during 1877, 
Total, .... 
Risks terminated during 1877, 



$16,156,768 00 
16,349,129 00 



$32,505,897 00 
16,485,274 00 



Net amount in force Dec. 31, 1877, .... $16,020,62300 

Deposit notes received on outstanding risks, . . . 736,343 30 

Losses incurred during the year, . . ... 80,513 57 

Percentage of profits or surplus returned during 1877, 74 T 7 ^- per cent. 
Average rate to date, 69 T y-j per cent. 
Highest rate of interest received during the year, 6 per cent. 



WORCESTER MUTUAL FIRE INSURANCE COMPANY, 

WORCESTER. 

[Incorporated February, 1823. Commenced business May, 1824.] 

Anthony Chase, President. Secretary, Chas. M. Miles. 

Office, No. 377 Main Street. 



Detailed Statement of Stocks, 



United States bonds, 
170 shares Worcester National Bank, 
132 " City National Bank, 
50 " Citizens' National Bank, 
22 " Central National Bank, . 
57 " Mechanics' National Bank, 
45 u Quinsigamond National Bank, 



Bonds, Etc. 

Par value. 

$7,000 00 
17,000 00 
13,200 00 
5,000 00 
2,200 00 
5,700 00 
4,500 00 



Market value. 

$7,500 00 
23,800 00 
18,480 00 
7,250 00 
3,080 00 
7,980 00 
5,625 00 



1877.] INSURANCE COMPANIES. 73 



40 shares Fitchburg National Bank, 
15 " Blackstone National Bank, 
20 " Oxford National Bank, . 
15 " Grafton National Bank", 
15 " Southbridge National Bank, . 
30 " Westborough National Bank, 
25 " Wachusett National Bank, 

Union Pacific Railroad bonds, 

Boston, Barre, and Gardner Railroad bonds, 

Fitchburg and "Worcester Railroad bonds, 

Loaned on personal security, . 



$4,000 00 $6,000 00 

1,500 00 1,650 00 

2,000 00 2,200 00 

1,500 00 1,650 00 

1,500 00 1,650 00 

3,030 00 3,450 00 

2,500 00 3,750 00 

5,000 00 5,250 00 

12,500 00 13,250 00 

1,500 00 1,500 00 

51,600 00 



$165,665 00 



2,025 00 


1,500 00 


520 00 


' 400 00 


650 00 


500 00 


1,000 00 


600 00 


5,000 00 


2,500 00 


600 00 


500 00 


10,000 00 


10,000 00 


840 00 


600 00 


9,520 00 


8,300 00 


J 2,650 00 


2,500 00 


$53,055 00 


$42,400 00 



Securities held as collateral for cash loans : — 

Market value. Loaned thereon. 

150 shares Worcester Gas Light Company, . $20,250 00 $15,000 00 

15 " Worcester Gas Light Company, 

4 " Norwich and Worcester Railroad, . 

5 " Norwich and Worcester Railroad, . 
10 " Bay State Hotel Company, 
50 " Crompton Carpet Company's stock, 
12 " Worcester and Nashua Railroad, . 

Boston, Barre, and Gardner R.R. 2d Morfc. bonds, 
7 shares Douglas Axe Company, . 
68 " City National Bank, 
Boston, Barre, and Gardner R.R. 2d Mort. bonds, 
Worcester Safe Deposit and Trust Co. stock, 



Summary of Assets, Dec. 31, 1877. 

Cash value of unencumbered real estate, . $80,000 00 

Loans on mortgage of real estate (first liens), 164,160 61 

Stocks, bonds, etc., as per schedule, . . 165,665 00 

Loans on collateral security, as per schedule, . 42,400 00 

Cash in the office of the company and banks, . 10,796 05 

Premiums in course of collection (net), . . 599 96 

Interest and rents due and accrued, . . 10,019 80 

Gross Assets, $473,641 42 

Liabilities. 

Losses and claims adjusted, but not due, . $4,500 00 

Unearned premiums on outstanding risks, . . 241,789 24 

Gross Liabilities, 246,289 24 



Surplus, $227,352 18 

10 



74 



MASSACHUSETTS MUTUAL FIRE [Dec. 31, 



Income. 

Gross cash premiums received during the year, . . . $116,428 63 

Received for interest from all sources, ..... 20,500 76 

for rents, . . . . * 6,796 29 

from policy fees, . . . .... 1,142 00 

Deposit notes received during the year, . . $232,229 72 



Gross Cash Income, $144,867 68 



Expenditures. 

Gross amount paid for losses during the year, 
Paid for brokerage and commissions, 

for salaries and fees of officers and employees, 

for taxes and insurance, ..... 

for profits or surplus on terminated policies, . 

for office agency and incidental expenses, 

Gross Cash Expenditures, .... 



$15,430 89 
8,454 07 
9,642 30 
1,842 30 
62,556 04 
3,724 53 

$131,650 13 



Miscellaneous. 



Risks outstanding Dec. 31, 1876, 
written during 1877, 
Total, .... 
Risks terminated during 1877, 



$30,728,712 00 
7,653,972 00 



-$38,382,684 00 
7,410,350 00 



Net amount in force Dec. 31, 1877, .... $30,972,334 00 

Deposit notes received on outstanding risks, . . . 967,156 96 

Losses incurred during the year, . . ... 40,493 15 

Percentage of profits or surplus returned during 1877, 60 per cent. 
Average rate to date, 60 per cent. 
Highest rate of interest received during the year, 7 per cent. 



1877.] 



INSURANCE COMPANIES. 



75 



AGGREGATE. 



Gross present Assets, 



Assets. 



Liabilities. 

Gross present Liabilities, 



Income. 

Cash received for premiums during the year, 
for interest and dividends, 
from assessments on deposit notes, 
for rents, ..... 
from all other sources, . 



Gross Cash Income, 



Expenditures. 

Cash paid for losses, 

for brokerage and commissions on premiums, 

for salaries and fees of officers and employees, 

for interest on borrowed money or otherwise, 

for State and local taxes, 

for return of profits or surplus, 

for rents, ..... 

for all other expenditures, 



Gross Cash Expenditures, 



General Items. 
Whole amount of risks outstanding at end of year, 
deposit notes received thereon, 
risks written during the year, 
risks terminated during the year, . 
losses incurred during the year, 



14,741,182 00 



$2,686,818 00 



$1,77S,028 00 

232,623 00 

5.345 00 

13.809 00 

4,001 00 



$2,034,406 00 



$549,064 00 

110,774 00 

138,401 00 

1,025 00 

16,063 00 

951,555 00 

16.051 00 

55,193 00 



$1,838,126 00 



$356,300,420 00 

11,501,524 00 

164,390,743 00 

160,459,512 00 

791,216 00 



MASSACHUSETTS MUTUAL FIEE 
INSURANCE COMPANIES, 

WITH GUARANTEE CAPITAL. 



Detailed Statements of Assets and Liabilities, with Abstract 

of Annual Statements for the Year ending 

Dec. 31, 1877. 



78 



MASS. MUTUAL FIRE INS. CO'S. [Dec. 31. 



DETAILED STATEMENT OF ASSETS AND LIABILITIES. 



HOLYOKE MUTUAL FIRE INSURANCE COMPANY, SALEM. 

[Incorporated March 14, 1843. Commenced business May 23, 1843.] 

Guarantee Capital, ........ $100,000. 

Augustus Story, President. Secretary, Thomas H. Johnson. 

Office, No. 114 Washington Street. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States 5-20 bonds, . . . . $32,500 00 $35,043 75 

Massachusetts State bonds, 1893, 5s, gold, . 4,000 00 4,400 00 

New Hampshire State bonds, 1897, 6s, . 4,000 00 4,451 00 

Licking County, Ohio, bonds, 1882, 7-30s, . 5,000 00 5,150 00 

Chelsea city bonds, 1892, 6s, 17,000 00 18,700 00 

Cambridge city bonds, 1884, 6s, . . . 10,000 00 11,000 00 

Cincinnati city bonds, 1904, 7s, . . . 5,000 00 5,350 00 

Cleveland city bonds, 1879, 7s, . . . 5,000 00 5,200 00 

Chicago city bonds, 1894, 7s, 5,000 00 5,375 00 

Hartford city bonds, 1891, 6s, . . . 10,000 00 11,000 00 

Lynn city bonds, 1884, 6s, . . . . 5,000 00 5,350. 00 

Lowell city bonds, 1890, 6s, ... 4,000 00 4,420 00 

Lawrence city bonds, 1894, 6s, . . . 5,000 00 5,525 00 

Milwaukee city bonds, 1891, 5s, . . . 2,500 00 2,375 00 

Milwaukee city bonds, 1896, 7s, . . . 5,000 00 5,350 00 

Minneapolis city bonds, 1894, 8s, . . 5,000 00 5,500 00 

Portland city bonds, 1887, 6s, . . . 5,000 00 5,350 00 

Portland Water Company bonds, 1888, 6s, . 5,000 00 4,500 00 

Salem city bonds, 1891, 6s, . . . . 10,000 00 11,000 00 

St. Louis city bonds, 1887, 6s, gold, . . 10,000 00 10,700 00 

Adams County (111.) bonds, 1880, 8s, . . 5,000 00 5,100 00 

Columbus city bon,ds, 1883, 7s, . . ..■ 6,000 00 6,150 00 

Cleveland city bonds, 1897, 6s, . . . 5,000 00 5,275 00 

Chicago city loan certificates, 1878, 6s, . 30,000 00 30,000 00 

Jeffersonville city bonds, 1896, 7 T 8 oS, . . 7,000 00 7,210 00 

Waltham town loan, 1878, 5s, . . . 5,000 00 5,000 00 

Wiscasset town loan, 1890, 6s, . . . 2,000 00 2,030 00 

Waldoboro' town loan, 1891, 6s, . . . 3,000 00 3,052 50 

31 shares National Exchange Bank, Salem, . 3,100 00 3,627 00 



1877.] WITH GUARANTEE CAPITAL. 79 

10 shares First National Bank, Salem, . $1,000 00 $1,250 00 

35 " Mercantile Nat'l Bank, Salem, . 3,500 00 4,095 00 

39 " Naumkeag Nat'l Bank, Salem, . 3,900 00 5,928 00 
140 " Salem National Bank, Salem, . 14,000 00 16,380 00 

65 " Nat'l Bank of Commerce, Boston, 6,500 00 6,890 00 

50 " Nat'l Bank of Republic, Boston, . 5,000 00 6,575 00 

20 " Blackstone Nat'l Bank, Boston, . 2,000 00 2,085 00 

15 » Freeman's Nat'l Bank, Boston, . 1,500 00 1,620 00 

30 " Globe National Bank, Boston, . 3,000 00 3,240 00 
80 " Merchants' Nat'l Bank, Boston, . 8,000 00 10,560 00 

40 " National Revere Bank, Boston, . 4,000 00 4,340 00 
75 " Second National Bank, Boston, . 7,500 00 10,500 00 
50 " Union Mark't Nat'l B'k, Watertn, 5,000 00 3,650 00 

100 " Pitts., F.Wayne, and Chi. R.R., 7s, 10,000 00 9,100 00 

50 " Ogdensb'g and Lake Champ. R.R., 5,000 00 1,850 00 

31 " Old Colony Railroad, . . . 3,100 00 3,069 00 
50 " Portl'nd,Portsm'thandSacoR.R. 5,000 00 3,250 00 

Chicago, Burling'n and QuincyR.R,bonds,7s 16,500 00 18,067 50 

Eastern Railroad bonds, . ." . . 21,000 00 11,130 00 

Vermont and Canada R.R. bonds, 8s, . . 2,000 00 740 00 

Central New Jersey Railroad bonds, 7s, . 5,000 00 3,300 00 

Union Pacific Railroad bonds, 6s, gold, . 5,000 00 5,536 25 



$357,600 00 $366,340 00 
Securities held as collateral for cash loans : — 

Market value. Loaned thereon. 

125 shares Phillips Wharf Co., Salem, . $12,500 00 $10,01 00 

Summary of Assets, Dec. 31, 1877. 

Cash value of unencumbered real estate, . $50,000 00 
Loans on mortg'e of real estate (first liens*), 6,500 00 

Interest due or accrued thereon, . 
Stocks, bonds, etc., as per schedule, 
Loans on collateral security, as per schedule 
Cash in the office of the company, 

deposited in Salem National Bank, 
Interest due and accrued, 
Premiums in course of collection (gross) , 
Rents due, ...... 

Gross Assets, 



77 77 

366,340 00 

10,000 00 

3,766 93 

1,263 87 

4,879 76 

2,791 89 

157 50 

$445,777 72 



* Value of lands mortgaged $3,100 00 

Value of buildings thereon, . . . . . . . 11,500 00 

Total value of property mortgaged, . . . . . . $14,600 00 

Amount of insurance held as collateral 6,500 00 



80 



MASS. MUTUAL FIRE INS. CO'S. [Dec. 31, 



Liabilities. 

Unearned premiums on outstanding risks, . $152,387 26 
Unpaid profits on terminated policies, . . 720 15 
Commissions and brokerage, . . . 464 62 
Return premiums, ..... 308 29 
Gross Liabilities, except Guarantee Capital, 

Surplus as regards Policy-holders, .... 
Guarantee Capital, *. 



Surplus over Guarantee Capital, . 



$153,880 32 

$291,897 40 
100,000 00 

$191,897 40 



Income. 

Cash received for fire premiums, . . . $102,375 03 
Deduct re-insurance, rebate, and return prem's 2,307 10 

Net cash received for fire premiums, . • 

Interest received on bonds and mortgages, .... 
Interest and dividends received from all other sources, 

Income from rents, : $2,065 56 

Bank-tax refunded, ..... 1,080 59 



Deposit notes received during the year, 
Gross Cash Income, 



$102,897 47 



$100,067 93 

459 50 

21,324 29 



3,146 15 



$124,997 87 



Expenditures. 

Cash paid for fire losses, .... $40,895 80 
Deduct salvage and re-insurance, . . . 605 00 

Net cash paid for fire losses, . . . — 

Cash dividends paid, ..... 
Cash paid for profits on terminated policies, 

for commissions and brokerage, . 

for salaries of officers and employees, 

for State and local taxes, 

for office, agency, and incidental expenses, 

Gross Cash Expenditures, .... 



$40,290 80 

10,000 00 

16,776 34 

15,482 20 

7,315 37 

2,526 68 

2,099 17 

$94,490 56 



Risks and Premiums. 

Fire risks outstanding Dec. 31, 1876, . $21,269,673 40 $322,163 12 
written during 1877, . . 7,983,398 00 103,599 33 



Total, 

Deduct risks expired and terminated, . 

In force at end of year, 



$29,253,071 40 $425,762 45 
9,015,449 83 139,490 39 



$20,237,621 57 $286,272 06 



1877.] 



WITH GUARANTEE CAPITAL. 



81 



Miscellaneous. 

Losses paid from organization of company, .... $1,119,421 97 
Deposit notes received on outstanding risks, . . . 285,723 79 
Dividends declared during the year (10 per cent.), . . 10,000 00 

Losses incurred during the year, 39,746 87 

Company's stock owned by directors, 28,200 00 

Whole amount of net profits reserved for the security of the insured, as 

required by section 11, chapter 375, Acts of 1872, $47,999.35. 
Rate of interest realized on investments of guarantee capital, 5.43 per cent. 



MASSACHUSETTS MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated Dec. 21, 1872. Commenced business Jan. 1, 1873.] 

Guarantee Capital, , .... $200,000. 

Chas. B. Cumings, President. Secretary, John M. Corbett. 

Office, No. 39 Court Street. 



Detailed Statement of Stocks 



150 shares Tremont National Bank, 

80 
100 

70 
160 
100 

25 
100 



Hamilton National Bank, . 
Merchants' National Bank, 
National Union Bank, 
New England National Bank, 
Columbian National Bank, . 
Globe National Bank, 
National Webster Bank, 
Eastern Railroad bonds, 
Nashua and Rochester Railroad bonds, 
Boston and Lowell Railroad notes, 



, Bonds, Etc. 

Par value. 

$15,000 00 

8,000 00 

10,000 00 

7,000 00 

16,000 00 

10,000 00 

2,500 00 

10,000 00 

16,000 00 

10,000 00 

10,000 00 



Market value.. 

$16,087 50 
8,960 00- 

13,300 00 
9,730 00 

21,280 00 

13,675 00 
2,706 25 

10,112 50 
8,626 67 
9,400 00 

10,000 00 



$114,500 00 $123,877 92 



Summary of Assets, Dec. 31, 1877. 

Loans on mortgage of real estate (first liens *), $148,000 00 

Interest due or accrued thereon, . . . 1,789 57 

Stocks, bonds, etc., as per schedule, . . 123,877 92 

Cash deposited in New England Trust Co., . 6,486 80 

Interest due and accrued, .... 30 55 

Premiums in course of collection (gross), . 2,592 47 

Gross Assets, ..... 



$282,777 31i 



* Value of lands mortgaged, $100,800 00 

Value of buildings thereon, 121,000 00 

Total value of property mortgaged, ...... $221,800 00 

Amount of insurance held as collateral, ., ., .. .. 133,000 00, 

11 



82 



MASS. MUTUAL FIRE INS. CO'S. [Dec. 31, 



Liabilities. * * 

Unearned premiums on outstanding risks, . $46,078 85 

Commission and brokerage, . . . 280 39 

Return premiums, ..... 44 38 

Gross Liabilities, except Guarantee Capital, — 

Surplus as regards Policy-holders, .... 

Guarantee Capital, .* . . . . . . 

Surplus over Guarantee Capital, ..... 

Income. 

Cash received for fire premiums, . . . $16,625 25 

Deduct re-insurance, rebate, and return prem's, 1,053 93 

Net cash received for fire premiums, . 

Interest received on bonds and mortgages, . 

Interest and dividends received from all other sources, 



Gross Cash Income, 



Expenditures. 



Cash paid for fire losses, .... 
Cash dividends paid, ..... 
Cash paid for commissions and brokerage, . 

paid for salaries of officers and employees, 

paid for State and local taxes,. . 

paid for office, agency, and incidental expenses, 

Gross Cash Expenditures, .... 
Risks and Premiums. 



Fire risks outstanding Dec. 31, 1876, . 
written during 1877, . 

Total, 

Deduct risks expired and terminated, . 

In force at end of year, 



$12,873,890 00 
. 2,228,865 00 



$46,403 62 



5236,373 69 
200,000 00 

$36,373 69 



$15,571 32 

12,4 )5 06 

4,765 00 

$32,741 38 



$2,632 78 
20,000 00 
1,147 35 
9,550 00 
2,108 32 
3,975 11 

$39,413 56 

Premiums. 

$154,540 14 
18,631 90 



$15,102,755 00 $173,172 04 
355,685 00 3,201 29 



$14,747,070 00 $169,970 75 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Cash dividends declared from organization of company, 

Dividends declared during the year (10 per cent.), 

Losses incurred during the year, ..... 

Company's stock owned by directors, .... 

Whole amount of net profits reserved for the security of 
the insured, as required by sect. 11, chap. 375, Acts of 
1872, .. .. . . ' . . . . . 



L79,137 88 
11,204 13 
86,000 00 
20,000 00 
2,232 63 
43,200 00 



618 35 



1877.] 



WITH GUARANTEE CAPITAL. 



83 



Dividends in arrears or percentage of dividends to which the holders of 
the guarantee capital would be entitled, in case the profits were suf- 
ficient therefor, 2 per cent. 

Rate of interest actually realized upon the investments of the guarantee 
capital, 5j- 9 Q 2 g- per cent. 



MECHANICS' MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated May, 1875. Commenced busines May, 1875.] 

Guarantee Capital, -. $200,000. 

Alfred Bicknell, President. Secretary, John H. Robinson. 

Office, No. 45 Milk Street. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. 

Metropolitan Railroad bonds, . . . $10,000 00 
Andover and Lowell Railroad bonds, . . 10,000 00 
Eastern Railroad bonds, .... 10,500 00 
Boston and Albany Railroad stock, . . 10,000 00 
Boston and Maine Railroad stock, . . 10,000 00 

Chicago, Burlington, and Quincy Railroad stock, 5,000 00 



United States bonds, .... 
District of Columbia bonds, 
Central National Bank, Boston, stock, 
Hide and Leather National Bank stock, 
Everett National Bank stock, 
North America National Bank stock, 
Webster National Bank stock, 
Eagle National Bank stock, 
Blackstone National Bank stock, 
Traders' National Bank stock, 
State National Bank stock, 
Revere National Bank, stock, 
Howard National Bank stock, 
Manufacturers' National Bank stock, 



5,000 00 
5,000 00 
2,500 00 
4,200 00 
4,300 00 
6,800 00 
6,000 00 
4,600 00 
2,500 00 

500 00 
2,200 00 

700 00 
3,600 00 
3,500 00 



Market value. 

$10,762 50 

10,050 00 

5,538 75 

12,300 00 

9,650 00 

5,118 75 

5,418 75 

3,800 00 

2,468 75 

4,494 00 

4,687 00 

7,412 00 

6,067 50 

4,922 00 

2,637 50 

505 00 

2,409 00 

757 75 

4,050 00 

3,482 50 



$106,900 00 $106,531 75 



Summary of Assets, Dec. 31, 1877. 

Cash value of unencumbered real estate, . $8,400 00 
Loans on mortgage of real estate (first liens*), 116,821 00 
Interest due or accrued thereon, . . . 2,236 46 

Stock, bonds, etc., as per schedule, . . 106,531 75 



* Value of land mortgaged $109,750 00 

"Value of buildings thereon 102,900 00 

Total value of property mortgaged, $212,650 00 

Amount of insurance held as collateral, .... 89,600 00 



84 



MASS. MUTUAL FIRE INS. CCTS. [Dec. 31, 



Cash in the office of the company, 
deposited in various banks, . 
Interest due and accrued, 
Premiums in course of collection (gross), 
Gross Assets, . . 

Liabilities 

Losses claimed and reported, 
Unearned premiums on outstanding risks, 
Commissions and brokerage, 
Return premiums, . 

Gross Liabilities except guarantee capital, 

Surplus as regards Policy-holders, .... $202,583 26 

Guarantee Capital, ' . .' . . .... 200,00000 

Surplus over Guarantee Capital, $2,583 26 



$876 37 




11,838 07 




641 00 




6,359 11 






$253,703 76 




$400 00 




50,015 92 




635 91 




68 67 




„i 


R1 19A Kft 



Income. 

Cash received for fire premiums, . . . $37,654 55 
Deduct re-insurance, rebate, and return prem's, 2,055 82 

Net cash received for fire premiums, . . 

Interest received on bonds and mortgages, .... 
Interest and dividends received from all other sources, 
Income from all other sources, • 



Gross Cash Income, 



<^ 



Expenditures. 

Cash paid for fire losses, .... 
paid for commissions and brokerage, . 
paid for salaries of officers and employees, 
paid for State and local taxes, 

paid for rent, 

paid for incidentals, . . . ' . 



$1,926 70 
1,927 07 



Gross Cash Expenditures, . 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount re-insured, . 

Net amount in force, 



13,560,167 00 
3,797,695 00 



$7,357,862 00 
1,311,256 00 



1,046,606 00 
21,150 00 



$35,598 73 

8,232 06 

6,504 08 

49 25 



$50,384 12 



$11,887 45 
4,507 17 
4,974 70 
2,757 97 



3,853 77 
27,981 06 



Premiums. 

$49,446 71 
41,176 29 

$90,623 00 
11,789 01 

$78,833 99 
195 12 



$6,025,456 00 $78,638 87 



1877.] WITH GUARANTEE CAPITAL. 85 

Miscellaneous. 

Premiums received from organization of company, . . $87,028 46 
Losses paid from organization of company, . . . 20,444 57 

Losses incurred during the year, 11,229 20 

Company's stock owned by directors, 70,100 00 

Dividends in arrears or percentage of dividends to which the holders of 
the guarantee capital would be entitled in case the profits were suffi- 
cient therefor, 23|- per cent. 
Kate of interest realized upon the investments of the guarantee capital, 
3| per cent. 



86 



MASS. MUT. FIRE INS. CO'S. [Dec. 31, 77. 



AGGREGATE. 



Guarantee Capital, 


$500,000 00 


Assets. 




Gross present Assets, . . . . 


$982,259 00 


Liabilities. 




Gross present Liabilities, 


$251,401 00 


Income. 




Cash received for premiums during the year, . 


$151,238 00 


for interest and dividends, ..... 


53,690 00 


from all other sources, ...... 


3,195 00 


Gross Cash Income, . . . • 


$208,123 00 


Expenditures. 




Cash paid for losses, . . . . 


$54,811 00 


for brokerage and commission on premiums, . 


21,136 00 


for salaries and fees of officers and employees, 


21,840 00 


for dividends, ....... 


30,000 00 


for State and local taxes, ..... 


7,393 00 


for return of profits or surplus, .... 


16,776 00 


for all other expenditures, 


9,928 00 


Gross Cash Expenditures, 


$161, 8S4 00 


General Items. 




Risks written during the year, ..... 


$14,009,958 00 


terminated during the year, ..... 


10,682,391 00 


outstanding at end of year, ..... 


41,031,298 00 


Losses incurred during the year, . . 


53,209 00 



MASSACHUSETTS 

MUTUAL IAKINE AND FIEE-MABINE 
INSURANCE COMPANIES. 



Detailed Statements of Assets and Liabilities, with Abstract 

of Annual Statements, for the Year ending 

Dec. 31, 1877. 



88 



MASS. MUTUAL MARINE AND [Dec. 31, 



DETAILED STATEMENTS OF ASSETS AND LIABILITIES. 



ATLANTIC MUTUAL FIRE AND MARINE INSURANCE COM- 
PANY, PROVINCETOWN. 

[Incorporated April 13, 1854. Commenced business March, 1855.] 

Whole amount of guarantee fund, $100,000 00 

Paid up in subscription notes, . 100,000 00 

Outstanding scrip not ordered to be redeemed, .... 89,104 00 

Joshua Paine, President. Secretary, Lewis Nickerson. 

Office, No. 88 Commercial Street. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, 1881, . . ... $6,000 00 $6,600 00 

Chicago city bonds, 7s, ... . 10,000 00 10,750 00 

Cincinnati city bonds, 7 t 3 qS, . . . 5,000 00 5,000 00 

Long Island city bonds, 7s, . . . . 2,000 00 2,100 00 

Dayton city bonds, 7s, . . . . 2,000 00 2,140 00 

Rockland city bonds, 6s, . . . . 3,000 00 3,150 00 

Thomaston town bonds, 6s, 4 ' • 2,000 00 2,080 00 

Hyde Park town bonds, 7s, . . . 2,000 00 2,040 00 

45 shares Republic National Bank, Boston, 4,500 00 5,917 50 

78 " Freeman's National Bank, Boston, 7,800 00 8,424 00 

20 " Revere National Bank, . . 2,000 00 2,175 00 

16 " Hide and Leath. Nat'lB'k, B'st'n, 1,600 00 1,712 00 

15 " Traders' National Bank, Boston, . 1,500 00 1,530 00 

15 " State National Bank, Boston, . 1,500 00 1,635 00 
30 " First Nat'l Bank, Provincetown, . 3,000 00 4,800 00 
80 " Chicago and North- Western R. R., 8,000 00 5,040 00 

16 " Boston and Albany R.R., . . 1,600 00 2,000 00 
35 " Burl., Cedar Rapids, and No. R.R., 3,500 00 700 00 
Mich. Air-Line R.R. 1st mortgage bonds, . 7,000 00 ■ 7,000 00 
Conn. Western R.R. 1st mortgage bonds, . 5,000 00 3,750 00 
West Wisconsin R.R. 1st mortgage bonds, . 5,000 00 3,750 00 
Burl., Cedar Rapids, and No. R.R. 1st mort., 4,000 00 3,200 00 
Portland Water Company's bonds, . . 2,000 00 2,100 00 

" " " scrip, . . 138 00 138 00 

New England Mort. Sec. Co. 's bonds,. . 2,000 00 2,140 00 

Personal loans, ...... 3,396 35 3,396 35 

Insurance scrip, 240 00 240 00 

Office furniture, . ... . $400 00 



,774 35 



,507 85 



1877.] 



FIRE-MARINE INS. CCTS. 



89 



Summary of Assets, Dec. 31, 1877. 

Stocks, bonds, etc., as per schedule, . . $93,507 85 

Cash in the office of the company, . . 236 03 

deposited in First National Bank, . 3,516 96 

Interest due and accrued, .... 1,705 21 

Premiums in course of collection (gross) , . 23,333 10 

Notes taken for marine and inland risks, . 41,655 48 
Unpaid stock or subscription notes on time, 

not exceeding 12 months, not yet due, . 100,000 00 

Gross Assets, $263,954 63 



Liabilities. 

Losses adjusted, unpaid, . 87,175 20 

claimed and reported, 16,500 00 

disputed or resisted, . 1,050 00 

Total amount of losses, $24,725 20 
Less re-insurance, . . 2,000 00 

Net amount of unpaid losses, $22,725 20 

Unearned premiums on outstanding risks, . 40,115 48 

Interest due or accrued on scrip, . . . 205 40 

Due and accrued for rent, salaries, etc., . 700 00 

State and local taxes, . . . . . 110 85 

Gross Liabilities, .... 

Surplus as regards Policy-holders, 

Guarantee fund, $100,000 00 

Scrip outstanding, not ordered to be redeemed, 89,104 00 

Surplus over guarantee fund and scrip, 

Income. 

Cash received for marine and inland prem's, $47,804 90 
Deduct re-ins., rebate, and return prem's, . 5,306 46 

Net cash rec'd for marine and inland prem's, 

Unpaid premium notes rec'd 

during the year, . . $56,521 50 
Interest and dividends rec'd from all sources, 
From salvage on paid loss, ....... 

Gross Cash Income, 



63,856 90 
$200,097 73 



189,104 00 
$10,993 70 



$42,498 44 



4,746 30 
770 21 

$48,014 95 



Expenditures. 

Cash paid for marine and inland losses, 

Deduct salvage and re-insurance, 

Net cash paid for marine and inland losses, 

Cash dividends paid, 

Interest paid scripholders, .... 
12 



$36,896 77 
2,309 26 



$34,587 51 
3,000 00 
4,926 24 



90 



MASS. MUTUAL MARINE AND [Dec. 31, 



Cash paid for commissions and brokerage, 

paid for salaries of officers and employees, . 
paid for State and local taxes, 
for rent, . .'.,.. 
for incidentals, . 

Gross Cash Expenditures, 

Risks and Premiums 

Marine risks outstanding Dec. 31, 1876, 
written during 1877, 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount re-insured, . 

Net amount in force, . 
Scrip dividends declared during the year, 



>, . 

$85 00 
573 56 


$2,512 43 

1,314 00 

526 48 

658 56 






[S. 

$420,869 00 
1,056,096 00 


$47,525 22 

Premiums. 

$33,301 94 
59,246 11 



$1,476,965 00 
941,029 00 

$535,936 00 
25,000 00 

$510,936 00 



$92,548 05 
50,892 57 

$11,655 48 
1,515 00 

$10,140 48 
$7,000 00 



BOYLSTON MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated Dec. 26, 1872. Commenced business Jan. 8, 1873.] 

Whole amount of guarantee fund, . . ./ $1,000,000 00 

Paid up in cash, 557,200 00 

Paid up in subscription notes, 442,800 00 

Outstanding scrip not ordered to be redeemed, .... 63,210 00 



J. W. Balch, President. 



Secretary, Washington Glover. 



Office, No. 45 State Street. 



Detailed Statement of Stocks 



United States bonds, 

New England Mortgage Security Co. bonds, 
Boston and Providence Railroad bonds, 
Framingham and Lowell Railroad bonds, 
250 shares Merchants' National Bank, . 



200 
176 
270 
300 
200 
12 
307 



State National Bank, . 
Merchandise National Bank, 
National Bank of the Republic, 
Washington National Bank, 
Columbian National Bank, . 
Tremont National Bank, 
New England National Bank, 
Phila., WiL, and Bait. R.R., 



, Bonds, Etc. 

Par value. 

$4,000 00 

10,000 00 

100,000 00 

25,000 00 

25,000 00 

8,200 00 

20,000 00 

17,600 00 

27,000 00 

30,000 00 

20,000 00 

1,200 00 

15,350 00 



Market value. 

$4,362 50 

10,500 00 

115,000 00 

16,250 00 

33,250 00 

8,938 00 

20,000 00 

23,144 00 

35,640 00 

41,025 00 

21,500 00 

1,590 00 

18,727 00 



1877.] FIRE-MARINE INS. CO'S. 91 

200 shares Fitchburg Eailroad, . . . 120,000 00 $22,000 00 

200 " Boston and Providence Railroad, 20,000 00 22,100 00 

50 " Boston and Albany Railroad, . 5,000 00 6,150 00 
114 " Relief Steamboat Co., $57 00 

$318,350 00 $100,176 50 
Securities held as collateral for cash loans : — 

Market value. Loaned thereon. 

Atchison, Top, and S. F. R.R. bonds, . $13,650 00 $9,000 00 

10 shares Commercial Wharf Corporation, . 20,000 00 20,000 00 

Personal note, 2,500 00 2,500 00 

300 shares Cedar Rapids and Missouri R.R. , 15,000 00 > -^ qqq qq 

100 " Iowa Falls and Sioux City R.R., 6,000 00 J 

100 " Cedar Rapids and Mo. R.R., .7 ^q qqq qq g 442 90 

100 " Iowa Land Company, . . . > 

100 " First Nat'l Bank, Concord, N.H., 15,000 00 10,000 00 

Pueblo and Arkansas Valley R.R. bonds, . 1,600 00 1,500 00 

Atchison, Top., and S. F. R.R. bonds, . 2,230 00 1,700 00 

Cedar Rapids and Missouri R.R. bonds, . 500 00 475 00 

Kansas City, Top., and Western R.R. bonds, 4,600 00) in 000 00 

Pueblo and Arkansas Valley R.R. bonds, . 6,500 00 ) 

$97,580 00 $78,617 90 

Summary of Assets, Dec. 31, 1877. 
Loans on mortg. of real estate (first liens*), $275,161 23 
Interest accrued thereon, .... 6,740 22 
Stocks, bonds, etc., as per schedule, . . 400,176 50 
Loans on collateral security, as per schedule, 78,617 90 
Cash in the office of the company, . . 4,771 27 
deposited in Washington Nat'l Bank, . 109,197 55 
Interest due and accrued, .... 1,876 06 
Premiums in course of collection (gross), . 13,996 64 
Notes taken for marine and inland risks, . 81,112 12 
Re-insurance due from other companies, . 224 72 
Unpaid subscription notes on time not ex- 
ceeding 12 months, not yet due, . . 442,800 00 
Premiums more than 3 months due, $4,001 38 

Gross Assets, ■ $1,414,674 21 

Liabilities. 

Net amount of unpaid losses, . . . $62,790 00 

Unearned premiums on outstanding risks, . 177,260 77 

Unused balances of premium notes, . . 3,678 19 



* Value of lands mortgaged, . $205,400 00 

Value of buildings thereon 182,200 00 

Total value of property mortgaged $387,600 00 

Amount of insurance held as collateral, .... 191,000 00 



92 



MASS. MUTUAL MARINE AND [Dec. 31, 



Interest due or accrued on scrip, . . . $659 40 

Due and accrued for rent, salaries, etc., . 400 00 

Commissions and brokerage, . . . 804 32 

Return premiums, 687 55 

Gross Liabilities, except Guarantee Fund 

and Scrip, ..... 

Surplus as regards Policy-holders, .... 

Guarantee Fund, $1,000,000 

Scrip outstanding, not ordered to be redeemed, 63,210 

Surplus over Guarantee Fund and Scrip, 



$246,280 23 
1,168,393 98 



1,063,210 00 
$105,183 98 



Income. 

Cash received for fire premiums, . . . $118,182 53 
Deduct re-insurance, rebate, and return pre's, 17,497 83 

Net cash received for fire premiums, . . 

Cash received for marine and inland prem's, $198,807 72 

Deduct re-insurance, rebate, and ret'n prem's, 32,766 10 

Net cash rec'd for marine and inl'd prem's, 

Unpaid premium notes received 

during the year, . . $71,630 54 
Interest and dividends rec'd from all sources, 

Income from premium on gold, . . . $546 16 

policy fees, .... 500 00 



Gross Cash Income, 



$100,684 70 



166,041 62 



55,567 67 



1,046 16 
$323,340 15 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and re-insurance, 

Net cash paid for fire losses, 

Cash paid for marine and inland losses, 

Deduct salvage and re-insurance, 

Net cash paid for marine and inland losses, 

Cash dividends paid, .... 

Interest paid scripholders, . 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, 
for rent, .... 
for agency and incidental expenses 



Gross Cash Expenditures, 



2,195 38 
28 14 



$161,835 23 
13,086 81 



$5,500 00 
8,923 97 



$62,167 24 



148,748 42 
66,753 00 

3,304 20 
11,276 54 
22,350 00 

8,804 53 



14,423 97 
537,827 90 



1877.] 



FIRE-MARINE INS. CO'S. 



93 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1876, . 
written during 1877, . 

Total, 

Deduct risks expired and terminated, . 

In force at end of year, 
Deduct amount re-insured, . 

Net amount in force, 

Marine risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, 

Deduct risks expired and terminated, . 

In force at end of year, 
Deduct amount re-insured, . 



$19,741,274 00 
17,779,359 00 

$37,520,633 00 
18,776,308 00 

$18,744,325 00 
264,350 00 



$262,792 32 
115,255 96 

$378,048 28 
153,853 56 

$224,194 72 
2,739 20 



$18,479,975 00 $221,455 52 



$7,524,273 00 
13,889,080 00 

$21,413,353 00 
14,204,269 00 

$7,209,084 00 
145,104 00 



$99,531 09 
118,684 87 

$218,215 96 
137,514 76 

$80,701 20 
3,410 25 



Net amount in force, 



$7,063,980 00 $77,290 95 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Cash dividends declared from organization of company, 
Dividends declared during the year, .... 
Losses incurred during the year, ..... 
Company's stock owned by directors, .... 
Scrip uncalled for cancelled dming the year, 



$1,994,382 55 

1,010,432 69 

375,019 00 

66,753 00 

188,730 66 

31,500 00 

630 00 



CHINA MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated April 30, 1853. Commenced business Oct. 1, 1853.] 

William Perkins, President. Secretary, Geo. L. Deblois. 

Office, No. 52 State Street. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds, . 
Brookline water bonds, 7s, . 
Beverly town loan, .... 
100 shares Atlas National Bank, . 
100 " Old Boston National Bank, 
100 " Continental National Bank, 
300 " Columbian National Bank, . 



Par value. 

$80,000 00 
10,000 00 
35,000 00 
10,000 00 
5,000 00 
10,000 00 
30,000 00 



Market value. 

$87,620 00 
11,500 00 
36,000 00 
11,300 00 
6,400 00 
10,000 00 
40,800 00 



94 



MASS. MUTUAL MARINE AND [Dec. 31, 



150 shares Commerce National Bank, . 
300 " Hide and Leather Nat'l Bank, 

16 " Massachusetts National Bank, 
120 " North National Bank, 
100 " New England National Bank, 
300 " Republic National Bank, . * 
200 " Second National Bank, 

30 " State National Bank, . 
350 " Tremont National Bank, . 
300 " Webster National Bank, 
300 " Washington National Bank, 
200 " Boston and Albany Railroad, 
120 " Boston and Providence Railroad, 

40 " Boston and Lowell Railroad, 
Eastern Railroad mortgage bonds, 
Houston and Texas Central Railroad bond, 
Boston Gas Company's bonds, 6s, 
Insurance scrip of other companies, 
95 shares Relief Steamboat Co., $1,000 00 



Securities held as collateral for cash loans 

China Mutual Insurance Co. scrip, 
Atchison, Topeka, & Santa Fe R. R. bonds, 
Wachita and S. VV. R. R. bonds, 
China Mutual Insurance scrip, 
Corporation notes, indorsed, 
Boston and Lowell Railroad note, 
Providence and Worcester Railroad note, 
Houston and Texas Railroad note, 
Union Pacific sinking-fund bonds, 
Individual notes, indorsed, . 



$15,000 00 
30,000 00 

4,000 00 
12.000 00 
10,000 00 
30,000 00 
20,000 00 

3,000 00 
35,000 00 
30,000 00 
30,000 00 
20,000 00 
12,000 00 
20,000 00 
53,000 00 

2,500 00 
50,000 00 

6,723 00 



$15,900 00 
32,100 00 

4,440 00 
14,160 00 
13,300 00 
39,300 00 
28,000 00 

3,270 00 
37,450 00 
30,300 00 
39,300 00 
25,000 00 
13,320 00 
15,000 00 
28,500 00 

1,000 00 
51,500 00 

5,378 00 



$563,223 00 $600,838 00 



Market value. 

$37,900 00 

1,300 00 

5,000 00 

2,100 00 

191,730 58 

25,000 00 

50,000 00 

659 26 

4,600 00 

42,317 50 



Loaned thereon. 

$32,000 00 

I 7,500 00 

191,730 58 

25,000 00 

50,000 00 

659 26 

4,500 00 

42,317 50 



$360,607 34 $353,707 34 



Summary of Assets, Dec. 31, 1877. 



Stocks, bonds, etc., as per schedule, . 
Loans on collateral security, as per schedule, 
Cash deposited in Columbian Nat'l Bank, . 
Notes taken for marine and inland risks, 
Due from companies for re-insurance, . 
Gross Assets, . . . 



$600,838 00 

353,707 34 

76,214 29 

359,682 71 

2,500 00 



,392,942 34 



Liabilities. 

$100,000 00 
5,000,00 



Losses claimed and reported, 
Less re-insurance, 

Net amount of unpaid losses, 

Unearned premiums on outstanding risks, 



$95,000 00 
262,094 34 



1877.] FIRE-MARINE INS. CO'S. 95 

Unpaid scrip ordered to be redeemed, . . $630 00 

Interest due or accrued on scrip, ... 9 60 

Due and accrued for rent, salaries, etc., . 625 00 

Gross Liabilities, except Scrip, . . $358,358 91 

Surplus as regards Policy-holders, .... $1,034,583 40 

Scrip outstanding, not ordered to be redeemed, . . . 768,330 00 

Surplus over Scrip, $266,253 40 

Income. 

Cash received for marine and inland prem's, $452,244 62 

Deduct re-ins., rebate, and ret; irn prem's, . 74,172 22 

Net cash rec'd for marine and inl'd prem's, . : $378,072 40 

Unpaid premium notes rec'd during the year, $329,059 78 

Interest and dividends received from all sources, . . 53,527 20 

Income from all other sources, viz., salvage, $41,140 74 

Re-insurance scrip, ..... 2,677 70 

43,818 44 



Gross Cash Income, . . . .... $475,418 04 

Expenditures. 
Cash paid for marine and inland losses, . $253,863 22 



Deduct salvage and re-insurance, 

Net cash paid for inland and marine losses 

Interest paid scripholders, . 

Cash paid for redemption of scrip, 

for commissions and brokerage, 



7,000 70 
for salaries of officers and employees, . . . 20,100 00 

for State and local taxes, 5,011 99 

for rent, office expenses, etc , 16,002 88 



41,140 74 



$212,722 48 



$41,271 46 i 152?31146 

111,040 oo ; 



Gross Cash Expenditures, $413,149 51 

Risks and Premiums. 

Premiums. 

Marine risks outstanding Dec. 31, 1876, . $9,870,986 00 $273,141 91 
written during 1877, . . 21,666,599 00 409,859 89 



Total, $31,537,585 00 $683,001 80 

Deduct risks expired and terminated, . 21,738,708 00 420,907 46 



In force at end of year, . . . $9,798,877 00 $262,094 34 

Deduct amount re-insured, . . . 547,000 00 12,799 79 



Net amount in force, . . . $9,251,877 00 $249,294 55 

Miscellaneous. 

Losses incurred during the year, $243,722 48 

Scrip dividends declared during the year, .... 192,510 00 



96 



MASS. MUTUAL MARINE AND [Dec. 31, 



COMMERCIAL MUTUAL MARINE INSURANCE COMPANY, NEW 

BEDFORD.* 

[Incorporated March 17, 1863. Commenced business May 1, 1863.] 

Whole amount of guarantee fund, $200,000 00 

Paid up in subscription notes, . 200,000 00 

Outstanding scrip not ordered to be redeemed, 13,637 00 

Charles L. Wood, President. Secretary, Samuel H. Cook. 

Office, No. 37 North Water Street. 



Summary of Assets, Dec. 31, 1877. 



Cash in the office of the company, 

deposited in Merchants' Nat'l Bank, 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
Corporation notes, .... 
Personal loan, 
Subscription notes on time, not exceeding 
twelve months, .... 

Gross Assets, .... 



$15 64 

186 82 

4,006 35 

10,347 75 

30,000 00 

255 39 

200,000 00 



$244,811 95 



Liabilities. 

Losses adjusted, unpaid, . . $72 77 
disputed or resisted, . . 11,641 14 

Net amount of losses, . . $11,713 91 

Unearned premiums on outstanding risks, . 10,347 75 

Interest due or accrued on scrip, . . . 208 32 

Dividends to subscribers unpaid, . . . 100 00 

Due and accrued for rent, salaries, etc., . 250 00 

Balance of Geneva award, due old Co., . 5,189 97 

Gross Liabilities, except Guarantee Fund 

and Scrip, . . . ... 

Surplus as regards Policy-holders, .... 

Guarantee fund, $200,000 00 

Scrip outstanding, . . . . . 13,637 00 

Surplus over Guarantee Fund and Scrip, 

Income. 

Cash rec'd for marine and inland prem's, . $13,117 22 
Deduct re-insurance, rebate, and return prem's, 6,356 52 

Net cash rec'd for marine and inland prem's, 

Gross Cash Income, 



27,809 95 
$217,002 00 

213,637 00 
$3,365 00 



i,760 70 
1,760 70 



* Closing up. 



1877.] 



FIRE-MARINE INS. CO'S. 



97 



Expenditures. 

Cash paid for marine and inland losses, 

Cash dividends paid, 

Cash paid for salaries of officers and employees, . 

for State and local taxes, 

for office, agency, and incidental expenses, 

Gross Cash Expenditures, .... 
Risks and Premiums. 



Marine risks outstanding Dec. 31, 1876, 
Deduct risks expired and terminated, . 

In force at end of year, 



$226,775 00 
112,200 00 



$12,939 81 

250 00 

789 00 

65 08 

43 60 

$14,087 49 



Premiums. 

$20,575 25 
10,227 50 



$114,575 00 $10,347 75 



INDIA MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated March 29, 1867. Commenced business May 22, 1867.] 

"Whole amount of guarantee fund, $136,500 00 

Paid up in subscription notes, 136,500 00 

Outstanding scrip not ordered to be redeemed, .... 100,217 00 

John H. Dane, President. Secretary, William L. Caverly. 

Office, No. 49 State Street. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

50 shares Webster National Bank, . . $5,000 00 $5,050 00 

100 " Boston and Maine Railroad, . 10,000 00 9,700 00 

150 " Old Colony Railroad, . . . 15,000 00 14,400 00 

Framingham and Lowell Railroad bonds, . 10,000 00 7,500 00 

Nashua and Rochester Railroad bonds, . 17,000 00 15,725 00 

Old Colony Railroad bonds, . . . 10,000 00 11,025 00 

Fitchburg Railroad bonds, . . . . 10,000 00 11,300 00 

Boston and Maine Railroad bonds, . . 5,000 00 5,512 50 

Boston and Albany Railroad bonds, . . 2,000 00 2,310 00 

Fitchburg Railroad bonds, .... 5,000 00 5,225 00 

New England Mortgage Security Co. bonds, 8,000 00 8,560 00 

China Mutual Insurance Company's scrip, . 4,250 00 4,037 50 
India Mutual Ins. Co's scrip, . $1,642 20 



Summary of Assets, Dec. 

Stocks, bonds, etc., as per schedule, . 
Cash in the office of the company, 

deposited in Market National Bank, . 
13 



$101,250 00 

31, 1877. 

$100,345 00 

9,853 56 

18,949 44 



$100,345 00 



98 MASS. MUTUAL MARINE AND [Dec. 31, 

Interest due and accrued, .... $1,295 72 

Notes taken for marine and inland risks, . 117,290 48 
Unpaid stock or subscription notes on time 

not exceeding 12 months, . . . 136,500 00 

Gross Assets, $384,234 20 



Liabilities. 

Losses claimed and reported, . . . $28,600 00 

Unearned premiums on outstanding risks, . 108,338 13 

Interest due or accrued on scrip, ... 35 22 

Due and accrued for rent, .... 1,000 00 
Gross Liabilities, except guarantee fund 

and scrip, . . . . . 137,973 35 



Surplus as regards Policy-holders, . . . . $246,260 85 
Guarantee fund, . . . . . $136,500 00 
Scrip outstanding, 100,217 00 



236,717 00 



Surplus over Guarantee Fund and Scrip, . . . $9,543 85 



Income. 

Cash received for marine and inland prem's, $138,046 57 
Deduct re-insurance, rebate, and return prem's, 5,991 19 

Net cash received for marine and inl'd prem's, $132,055 38 

Unpaid premium notes rec'd during the year, $103,897 90 

Interest and dividends received from all sources, . . . 6,101 07 



Gross Cash Income, . . . ' . . . . $138,156 45 



Expenditures. 

Cash paid for marine and inland losses, . $86,106 31 
Deduct salvage and re-insurance, . . 2,923 18 

Net cash paid for marine and inland losses, $83,183 13 

Interest paid scripholders, 3,689 46 

Cash paid for commissions and brokerage, .... 3,862 19 

paid for salaries of officers and employees, . . . 10,500 00 

paid for State and local taxes, 1,365 38 

paid for rent, . . . . . ' $4,000 00 
paid for sundries, .... 3,608 95 



7,608 95 



Gross Cash Expenditures, $110,209 11 



1877.] 



FIRE-MARINE INS. CO'S. 
Risks and Premiums. 



Marine risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, 

Deduct risks expired and terminated, . 

In force at end of year, 
Deduct amount re-insured, . 



12,081,171 00 
3,981,605 00 

$6,065,776 00 
3,953,003 00 

$2,112,773 00 
46,250 00 



99 



Premiums. 

$111,206 12 
130,542 77 

$241,748 89 
133,410 76 

$108,338 13 
2,237 50 



Net amount in force, . 



1,066,523 00 $106,100 63 



Miscellaneous. 



Premiums received from organization of company, 

Losses paid from organization of company, . 

Losses incurred during the year, ..... 



,319,069 36 

924,543 67 

88,023 62 



NEW ENGLAND MUTUAL INSURANCE COMPANY, BOSTON. 

[Incorporated March 23, 1872. Commenced business June 1, 1872.] 

Whole amount of preferred permanent fund, $350,000 00 

Paid up in cash, 208,000 00 

in subscription notes, 142,000 00 

George C. Lord, President. Secretary, Alfred Presson. 

Office, No. 62 State Street. 



Detailed Statement of Stocks, Bonds, Etc. 



46 shares Traders' Nat'l Bank, Boston, 
44 " Hide and Leather Nat'l Bank, 
105 " Republic National Bank, 
34 " Revere National liank, 
10 " Atlantic National Bank, 
113 " Shawmut National Bank, 
30 " Eliot National Bank, . 
124 " Tremont National Bank, 
70 " Continental National Bank, 
25 " Dry Goods National Bank, N.Y., 
250 " Boston and Maine R.R., 
130 " Ogdensb'g and Lake Cham. R.R. 
100 ' < Phila. , Wil. , and Baltimore R . R 
Boston and Maine R.R. bonds, . 
Boylston Mutual Ins. Company's scrip, 
Personal loan, ..... 



Par value. 

$4,600 00 
4,400 00 

10,500 00 
3,400 00 
1,000 00 

11,300 00 
3,000 00 

12,400 00 

7,000 00 

500 00 

25,000 00 

13,000 00 
5,000 00 

25,000 00 
30 00 



Market value. 

$4,646 00 

4,730 00 
13,807 50 

3,672 00 

1,330 00 
13,334 00 

3,270 00 
13,361 00 

7,000 00 

500 00 

24,250 00 

13,000 00 

6,100 00 

27,625 00 

24 00 

5,200 00 



$126,130 00 $141,849 50 



100 MASS. MUTUAL MARINE AND [Dec. 31, 

Securities held as collateral for cash loans : — 

Market value. Loaned thereon. 

United States bonds, . . . . . $1,571 00 $1,500 00 

8 shares Boston Marine Insurance Company, 1,000 00 1,000 00 

Cedar Rapids and Mo. River R.R. bonds, . 6,060 00 4,000 00 

" " " " " . 9,090 00 6,000 00 



$17,721 00 $12,500 00 

Summary of Assets, Dec. 31, 1877. 

Loans on mort. of real estate (first liens*), . $43,000 00 

Interest due or accrued thereon, . . . 830 53 

Stocks, bonds, etc., as per schedule, . . 141,849 50 

Loans on collateral security, as per schedule, 12,500 00 

Cash in the office of the company, . . 1,162 43 
deposited in various banks and with 

London bankers, .... 38,233 84 

Interest due and accrued, .... 1,306 25 

Premiums in course of collection (gross), . 18,134 43 

Notes taken for marine and inland risks, . 97,184 46 
Subscription notes on time not exceeding 12 

months, not yet due, .... 142,000 00 

Salvage on losses paid, .... 3,512 15 
114 shares Relief Steamboat Co., $114 00 

Gross Assets, . . . > ■ I . $499,713 59 

Liabilities. 

Losses claimed and reported, . . . $32,850 00 
Unearned premiums on outstanding risks, . 98,384 33 
Due and accrued for rent, salaries, etc., . 1,587 00 
Commissions and brokerage, . . . 4,401 29 
Gross Liabilities, except Preferred Per- 
manent Fund, . . . . . 137,222 62 



Surplus as regards Policy-holders, . . . $362,490 97 

Preferred Permanent Fund, ...... 350,000 00 



Surplus over Preferred Permanent Fund, . • . $12,490 97 

Income. 

Cash received for fire premiums, . . . $10,497 70 

Deduct re-insurance, rebate, and return prem's 417 35 

Net cash received for fire premiums, . . $10,080 35 



* Value of lands mortgaged $69,750 00 

Value of buildings thereon 50,250 00 

_i 

Total value of property mortgaged, . . ... . . $120,000 00 

Amount of insurance held as collateral, 33,500 00 



1877.] 



FIRE-MARINE INS. CO'S. 



101 



Cash received for marine and inland prem's, $180,520 11 
Deduct re-insurance, rebate, and return prem's, 20,868 42 



Net cash rec'd for marine and inland prem's 
Unpaid prem. notes rec'd during the year, 
Interest received on bonds and mortgages, 
Int. and dividends rec'd from all other sources 

Gross Cash Income, 

Expenditures 

Cash paid for fire losses, 

Deduct salvage and re-insurance, 

Net cash paid for fire losses, 

Cash paid for marine and inland losses, 

Deduct salvage and re-insurance, 

Net cash paid for marine and inland losses, 

Cash paid for commissions and brokerage, 
for salaries of officers and employ 
State and local taxes, . 
rent, . . . 
profit and loss, 
premium on gold bought, 
incidentals, .... 


. $108,842 25 

• •.;•■• 

9 • • • 

• • • • 

$1,006 31 
6 45 


$159,651 69 

5,329 87 
7,345 17 

$182,407 08 

$999 86 

163,060 85 
16,330 00 

5,954 94 
13,000 00 

1,699 03 

12,960 39 


. $171,292 22 
8,231 37 


• • • • 

^\3dj • • • 

$4,561 20 

419 65 

954 00 

7,025 54 




• • • • 

UMS. 

$1,949,424 00 
. 1,366,928 00 


Gross Cash Expenditures, 

Risks and Premi 

Eire risks outstanding Dec. 31, 1876, . 
written during 1877, . 


$214,005 07 

$21,832 03 
10,557 17 


Total, 

Deduct risks expired and terminated, . 


. $3,316,352 00 
. 1,714,224 00 


$32,389 20 
14,820 52 


In force at end of year, 
Deduct amount re-insured, . 


. $1,602,128 00 
20,500 00 

$1,581,628 00 

. $3,104,727 00 
5,641,842 00 

$8,746,569 00 
. 6,609,645 00 


$17,568 68 
170 60 


Net amount in force, 

Marine risks outstanding Dec. 31, 1876, 
written during 1877, 


$17,398 08 

$110,339 26 
132,523 90 


Total, 

Deduct risks expired and terminated, . 


$242,863 16 
152,690 46 


In force at end of year, 
Deduct amount re-insured, . 


$2,136,924 00 
7,000 00 


$90,172 70 
76 00 


Net amount in force, . 


$2,129,924 00 


$90,096 70 



102 



MASS. MUTUAL MARINE AND [Dec. 31, 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Cash dividends declared from organization of company, 
Dividends declared during the year, .... 
Losses incurred during the year, ..... 
Company's stock owned by directors, .... 



$1,605,357 27 

1,391,949 97 

128,080 00 

16,030 00 

153,168 58 

70,300 00 



UNION MUTUAL MARINE INSURANCE COMPANY, NEW BED- 
FORD.* 

[Incorporated May 14, 1851. Commenced business July, 1851.] 

"Whole amount of guarantee fund, . . . . . . '■' • $2,300 00 

2,300 00 

Secretary, Walter P. Wlnsor. 



Paid up in subscription notes, 

Thomas S. Hathaway, President. 

Office, No. 33 North Water Street. 



Summary of Assets, Dec. 31, 1877. 
Cash in the office of the company, . . $24 48 



deposited in various banks, 
Notes taken for marine and inland risks, 
Bills receivable, ..... 
Gross Assets, .... 



2,582 87 

1,220 16 

41,000 00 



$44,827 51 



Liabilities. 

Net amount of unpaid losses, 
Interest due or accrued on scrip, . 
Dividends unpaid, . 
Due and accrued for rent, salaries, etc., 

Gross Liabilities, except guarantee fund, 

Surplus, as regards Policy-holders, 
Guarantee fund, . . 



$5,000 00 




4 62 




321 16 




125 00 






5,450 78 




... 


$39,376 73 




2,400 00 



Surplus over guarantee fund, 



,976 73 



Income. 

Cash received for marine and inland premiums, . 
Interest and dividends received from all sources, 



$32,130 08 
10,010 78 



Gross Cash Income, . • $42,140 86 



* Closing up. 



1877.] FIRE-MARINE INS. CO'S. 103 

Expenditures. 

Cash paid for marine and inland losses, . $47,353 13 
Deduct salvage and re-insurance, . . 7,173 09 

Net cash paid for marine and inland losses, $40,180 04 

Cash dividends paid members, 309,398 26 

Interest paid scripholders, . . . . $759 96 ) « ..^ q/. 

Cash paid for redemption of scrip, . . 722 00 ) 

paid for salaries of officers and employees, . . 2,707 48 

paid for State and local taxes, . . . . . 31 10 



Gross Cash Expenditures, $353,798 84 



104 MASS. M. M. AND F. M. INS. CO'S.[Dec. 31, '77. 



AGGREGATE. 



Whole amount of guarantee fund, . 
in cash, ..... 
in subscription notes, 
outstanding scrip not cancelled, 



Gross present Assets, 



Assets. 



Liabilities. 

Gross present Liabilities, . . . . 

Income. 

Cash received during the year for fire premiums, . 

for marine premiums, 
for interest and dividends, .... 
from all other sources, . . 

Gross Cash Income, 

Expenditures. 

Cash paid during the year for fire losses, 

for marine losses, . 
for brokerage and commissions on premiums, . 
for salaries of officers and employees, 
for interest and dividends to subscribers and memb's 
for State and local taxes, .... 

for redemption of scrip, 

for interest paid to scripholders during the year, 
for incidental expenses, 



Gross Cash Expenditures, 

General Items. 

Fire risks written during the year, 
Premiums charged or receivable thereon, 
Marine risks written during the year, 
Premiums charged or receivable thereon, 
Eire risks terminated during the year, . 
Marine risks terminated during the year, 
Fire risks outstanding at end of year, . 
Marine risks outstanding at end of year$ 
Losses incurred during the year, 
Scrip dividends declared during the year, 



£1,788,800 00 

765,200 00 

1,023,600 00 

1,034,498 00 



4,245,159 00 
$976,953 00 



$110,765 00 

917,210 00 

142,628 00 

45,634 00 

1,216,237 00 



$63,167 00 

695,422 00 

30,607 00 

70,760 00 

395,731 00 

17,503 00 

111,761 00 

53,951 00 

51,699 00 

$1,490,601 00 



$19,146,287 00 

125,813 00 

46,238,222 00 

850,858 00 

20,490,532 00 

47,558,854 00 

20,061,603 00 

21,137,815 00 

673,646 00 

238,363 00 



MASSACHUSETTS 

JOINT-STOCK FIEE, MARINE, AND FIRE-MABINE 
INSURANCE COMPANIES. 



Detailed Statements of Assets and Liabilities, with Abstract 

of Annual Statements, for the Year ending 

Dec. 31, 1877. 



14 



106 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



DETAILED STATEMENT OF ASSETS AND LIABILITIES. 



ALLIANCE INSURANCE COMPANY, BOSTON. 

[Incorporated May 27, 1875. Commenced business July 1, 1875.] 
Paid-up Capital, $200,000. 

George H. Long, President. Secretary, Chas. E. Howard. 

Office, No. 43 Milk Street. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, $15,000 00 $15,806 25 

Lawrence city bonds, 6s, .... 5,00000 5,52500 

Newton city bonds, 6s, 5,000 00 5,600 00 

Cambridge city bonds, 6s, ... 5,000 00 5,525 00 

Charlestown city bonds, 6s, . . . . 5,000 00 5,450 00 

Toledo city bonds, 7s, . . . . . 10,000 00 10,000 00 

Cleveland city bonds, 7s, .... 10,000 00 10,050 00 

Boston and Albany Railroad bonds, 6s, . . 5,000 00 5,325 00 

Merchandise National Bank stock, . . . 10,000 00 10,025 00 

Howard National Bank stock, . . . 5,000 00 5,612 50 

Continental National Bank stock, . . . 20,000 00 20,025 00 

Revere National Bank stock, . . . . 7,700 00 8,373 75 

Blackstone National Bank stock, . . . 3,600 00 3,816 00 

National Webster Bank stock, . . . 2,400 00 2,427 00 

National Commerce Bank stock, . . . 3,300 00 3,498 00 

National North America Bank stock, . . 2,900 00 3,182 75 



$114,900 00 $120,241 25 



Securities held as collateral for cash loans : — 



United States registered bonds, 
Highland Railroad Company bonds, 
United States bonds, 

11 u u 

... 

Cincinnati city bonds, 

40 shares 11th AVard National Bank, Boston, 

50 " National Central Bank, Boston, 



Market value. Loaned thereon. 

$10,250 00 $10,000 00 



19,563 75 
6,765 00 
5,250 00 
5,000 00 
4,000 00 
5,000 00 



18,000 00 
5,817 00 
5,000 00 
5,000 00 

5,500 00 



1877.] 



AND FIRE-MARINE INS. CO'S. 



12 shares National Exchange Bank, Salem, 
Atchison, Topeka, and S. F. R.R. bond, 
20 shares Phila., Wil., and Bait. R.R., . 
Notes with deeds of real estate, 



5. CO'S. 


1 


07 


$1,416 00 ) 
100 00 ) 


$1,500 


00 


1,225 00 


1,000 


00 


8,000 00 


7,000 00 



$66,569 75 $58,817 00 



Summary of Assets, Dec. 31, 1877. 

$70,300 00 

27,200 00 

793 45 

120,241 25 



Cash value of unencumbered real estate, . 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 



Loans on collateral security, as per schedule, 
Cash in the office of the company, . 

deposited in various banks, 
Interest due and accrued, 
Premiums in course of collection (gross) , 
Rents due and accrued, .... 
Premiums more than 3 months due, $2,291 36 

Gross Assets, 



58,817 00 
1,821 91 

21,983 21 
2,137 15 

17,931 86 
520 97 



$321,746 80 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc. . 
Commissions and brokerage, . 

Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, . 
Paid-up Capital, .... 



$6,659 15 

8,500 00 

629 00 

75,522 25 

500 00 

3,223 31 



Surplus over Capital, 



95,033 71 

$226,713 09 
200,000 00 

$26,713 09 



Income. 

Cash received for fire premiums, . . . $142,077 25 
Deduct re-insurance, rebate, and return prem's, 24,349 00 

Net cash received for fire premiums, . . $117,728 25 

Interest received on bonds and mortgages, .... 4,887 46 
Interest and dividends received from all other sources, . . 2,318 16 

Income from all other sources, 2,756 95 

Received for calls on capital, . $70,000 00 

Gross Cash Income, $127,690 82 



* Total Yalue of property mortgaged, 
Amount of insurance held as collateral, 



$34,700 00 
28,000 00 



108 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 

Expenditures. 

Cash paid for fire losses, $70,928 89 

Deduct salvage and re-insurance, . . . 2,416 37 

Net cash paid for fire losses, .... $68,512 52 

Cash paid for commissions and brokerage, .... 23,299 18 

for salaries of officers and employees, . . . 8,859 72 

for State and local taxes, ..... 3,904 41 

for office, agency, and incidental expenses, . . 18,281 07 

Gross Cash Expenditures, . . .... $122,856 90 

Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31,1876, . $12,574,683 35 $156,905 73 

written during 1877, . . 10,976,474 49 142,077 25 



Total, ..... 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



$23,551,157 84 $298,982 98 
12,486,345 99 149,763 93 



$11,064,811 85 $149,219 05 
132,002 82 2,202 71 



$10,932,809 03 $147,016 34 



Miscellaneous. 

Premiums received from organization of company, . . $415,827 79 

Losses paid from organization of company, .... 141,750 83 

Losses incurred during the year, 70,489 12 

Company's stock owned by directors, 103,200 00 



AMERICAN INSURANCE COMPANY, BOSTON. 

[Incorporated June 12, 1818. Commenced business June, 1818.] 

Paid-up Capital, $300,000. 

Francis Peabody, President. Secretary, J. W. Field. 

Office, No. 54 State Street. 



Detailed Statement of Stocks, 



United States registered bonds, 
Boston and Albany Railroad bonds, 7s, 
444 sha 
200 

45 
170 
142 

62 
100 



es Old Boston National Bank, 
Columbian National Bank, 
National Eagle Bank, 
Globe National Bank, . 
Hamilton National Bank, 
New England National Bank, 
Suffolk National Bank, . 



Bonds, Etc. 

Par value. 

$80,000 00 
35,000 00 
22,200 00 
20,000 00 
4,500 00 
17,000 00 
14,200 00 
6,200 00 
10,000 00 



Market value. 

$84,400 00 
39,900 00 
28,416 00 
27,200 00 
4,815 00 
18,530 00 
15,904 00 
8,184 00 
11,700 00 



1877.] 



AND FIRE-MARINE INS. CO'S. 



109 



152 shares State National Bank, 



280 
406 

11 
8 

57 



National Union Bank, . 
Boston and Albany Railroad Co., 
Boston and Lowell Railroad Co., 
Merrimac Manufacturing Co., 
Relief Steamboat Co., . $2,200 



$15,200 00 $16,568 00 

28,000 00 38,920 00 

40,600 00 49,532 00 

5,500 00 3,905 00 

8,000 00 10,720 00 



$306,400 00 $358,694 00 



Securities held as collateral for cash loans : — 



3 shares Pacific Mills, . . . . 
2 " Lawrence Manufacturing Company, 
United States 5-20 bonds, 

6s, . 
63 shares Union Wharf Company, . 



Summary of Assets, Dec 

Cash value of unencumbered real estate, 
Stocks, bonds, etc., as per schedule, 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 

deposited in Old Boston National Bank, 
Interest due and accrued, 
Premiums in course of collection (gross) , 
Notes taken for marine and inland risks, 
Rents due and accrued, .... 
Gross Assets, 

Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Dividends to stockholders unpaid, . 
Due and accrued for rent, salaries, etc., . 
Commissions and brokerag-e, . 

O 7 • • 

Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, . 
Paid-up capital, 



Market value. Loaned thereon. 

$5,550 00" 



Surplus over Capital, 



2,550 00 

1,080 00 

1,650 00 

18,900 00 

$29,730 00 

31, 1877. 

$75,000 00 

358,694 00 

10,629 58 

186 88 

38,629 30 

1,320 84 

4,820 26 

45,650 61 

475 00 



$548 87 

17,165 61 

5,258 81 

91,407 65 

90 00 

434 00 

546 35 



Income. 

Cash received for fire premiums, . . . $39,421 23 

Deduct re-insurance, rebate, and return prem's, 2,889 11 

Net cash received for fire premiums, . . . ■ 



> $7,ooo oo 



3,629 58 
$10,629 58 



,406 47 



115,451 29 



. $419,955 18 
. 300,000 00 



$119,955 18 



$36,532 12 



110 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Cash received for marine and inland prem's, . $109,112 97 
Deduct re-ins., rebate, and return prem's, . 12,409 08 
Net cash rec'd for marine and inland prem's, . 



,703 89 



Unpaid premium notes rec'd during the year, . $37,179 45 

Interest and dividends received from all sources, . . . 18,068 31 

Income from rents, . . . 1,700 00 



Gross Cash Income, 

Expenditures. 
Cash paid for fire losses, . ... 

for marine and inland losses, . 
Deduct salvage and re-insurance, . 
Net cash paid for marine and inland losses, . 
Cash dividends paid, . . . . 
Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for interest in sundry settlements, . 

for office and incidental expenses, . 

Gross Cash Expenditures, 

Risks and Premiums. 



. $153,004 32 



$70,308 67 
1,363 19 



$1,089 52 
5,374 79 



$5,925 96 



68,945 48 
30,395 00 

4,849 32 
14,650 00 

3,347 91 



6,464 31 



. $134,577 98 



Premiums. 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 
Marine risks outstanding Dec. 31, 1876, 
written during 1877, . 

Total, 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



58,435,855 
6,592,983 



00 
00 



,874 06 
36,974 76 



$15,028,838 
6,904,742 



00 
00 



$123,848 82 
46,776 41 



(,124,096 
129,000 



00 
00 



$77,072 41 
1,839 39 



$7,995,096 00 


$75,233 02 


3,991,040 00 


71,085 32 


4,338,543 00 


60,971 30 



$8,329,583 
4,056,805 



00 $132,056 62 
00 74,296 22 



$4,272,778 
24,500 



00 $57,760 40 
00 1,207 50 



$4,248,278 00 $56,552 90 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, . 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Losses incurred during the year, ..... 
Company's stock own by directors, . . . . 



$7,225,000 00 

5,425,000 00 

2,445,000 00 

30,000 00 

75,568 00 

10,900 00 



1877.] 



AND FIRE-MARINE INS. CO'S. 



Ill 



BEVERLY INSURANCE COMPANY, BEYERLY. 

[Incorporated 1852. Commenced business 1853.] 
Paid-up Capital, $50,000. 

Frederick W. Choate, President. Secretary, Samuel J. Foster. 



• Detailed Statement of Stocks, Bonds, Etc. 

Par value. 

126 shares Beverly National Bank, . . . $12,600 00 

75 " Naumkeag National Bank, Salem, . 7,500 00 

Merchants' National Bank, Salem, . 3,000 00 

Mercantile National Bank, Salem, . 4,000 00 

Revere National Bank, Boston, . 4,000 00 

Traders' National Bank, Boston, . 2,000 00 

Hide and Leather Nat'l B'k, Boston, 1,500 00 

Grand National Bank, Marblehead, 1,700 00 

First National Bank, Salem, . . 500 00 

Eagle National Bank, Boston, . 500 00 

1 share Great Falls and Conway Railroad, . 5 00 

Personal loan, . . . 



60 
40 
40 
20 
15 
17 
5 
5 



Market value. 

$15,750 00 

11,850 00 

5,000 00 

4,500 00 

4,400 00 

2,100 00 

1,650 00 

2,125 00 

650 00 

550 00 

5 00 

297 34 

$48,877 34 



Summary of Assets, Dec 
Loans on mortgage of real estate (first liens) , 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Interest due or accrued, .... 
Notes taken for marine and inland risks, 
Gross Assets, 

Liabilities. 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Due for borrowed money, 

Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, . 
Paid-up Capital, 



31, 1877. 

$1,200 00 

161 26 

48,877 34 

11 72 

1,712 00 



$500 00 
735 00 

508 37 



$51,962 32 



Surplus over Capital, 



1,743 37 

$50,218 95 
50,000 00 

$218 95 



Income. 

Cash received for marine premiums, 
Deduct re-ins., rebate, and return premiums, . 
Net cash received for marine premiums, . 
Unpaid premium notes received 

during the year, . . . $1,712 00 
Interest and dividends rec'd from all sources, . 
Income from excess of rebate on tax, 

Gross Cash Income, 



$1,686 18 
140 75 


$1,54q 43 

2,372 50 
49 10 


• • • 



!,967 03 



112 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Expenditures. 

Cash paid for marine losses, . 

Deduct salvage and re-insurance, . 

Net cash paid for marine losses, 

Cash dividends paid, .... 
paid for commissions and brokerage, 
paid for salaries of officers and employees, 
paid for office, agency, and incidental expenses, 

Gross Cash Expenditures, .... 



1,052 03 
11 69 



Risks and Premiums. 



Marine risks outstanding Dec. 31, 1876, 
written during 1877, . 

Total, ..... 
Deduct risks expired and terminated, 

In force at end of year, . 



$12,700 00 
15,050 00 

$27,750 00 
22,250 00 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . . . 
Cash dividends declared from organization of company, 
Dividends declared during the year (2 per cent.), . 
Losses incurred during the year, . . ... 



$3,040 34 

1,000 00 

40 63 

467 00 

222 97 

$4,770 94 

Premiums. 

$1,321 00 
1,413 00 

$2,734 00 
1,999 00 



>,500 00 $735 00 



$286,443 97 

287,709 14 

53,000 00 

1,000 00 

3,040 34 



BOSTON MARINE INSURANCE COMPANY, BOSTON. 

[Incorporated Dec. 23, 1873. Commenced business Jan. 20, 1874.] 
Paid-up Capital, $500,000. 

R. B. Fuller, President. Secretary, Thomas H. Lord. 

Office, No. 17 State Street. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 



United States bonds, 

Boston city bonds, .... 

Cambridge city bonds, 

Bangor city bonds, 

Boston and Albany Railroad bonds, 

Merchandise National Bank stock, . 

China Insurance Company scrip, 



$100,000 00 $103,625 00 
75,000 00 85,125 00 



27,000 00 
10,000 00 
20,000 00 
20,000 00 
2,968 00 



30,645 00 
10,400 00 
23,100 00 
20,000 00 
2,671 20 



Securities held as collateral for cash loans : — 

United States 5-20 bonds, .... 

Clinton Mills stock, 

Merchants' National Bank stock, St. Louis, . 



$254,968 00 $275,566 20 

Market value. Loaned thereon. 
),314 50 $9,500 00 
4,000 00 2,000 00 
2,000 00 2,000 00 



1877.] AND FIRE-MARINE INS. CO'S. 113 

Pueblo and Arkansas Valley Railroad bonds, . ■ $83,577 50 $15,000 00 
Indorsed note, . . . . . . 1,817 50 1,817 50 

South Boston Gas Light Company stock, . 4,200 00 2,500 00 

$105,909 50 $32,817 50 

Summary of Assets, Dec. 31, 1877. 

Loans on mortgage of real estate (first liens), . $107,700 00 

Stocks, bonds, etc., as per schedule, . . 275,566 20 

Loans on collateral security as per schedule, . 32,817 50 

Cash deposited in various banks, . . . 248,231 78 

Interest due and accrued, .... 5,979 62 

Premiums in course of collection (net), . . 125,155 22 

Notes taken for marine and inland risks, . 375,911 60 

Premium on gold, 2,063 68 

Office furniture, . . . . $2,500 00 

Gross Assets, $1,173,425 60 

Liabilities. 

Losses claimed and reported, .... $142,706 82 
Unearned premiums on outstanding risks, . 391,385 03 

Gross Liabilities, except Capital, . . 534,091 85 



Surplus as regards Policy-holders, $639,333 75 

Paid-up Capital, 500,000 00 



Surplus over Capital, $139,333 75 

Income. 

Cash received for marine and inland prem's, . $979,886 74 
Deduct re-insurance, rebate, and return prem's, 240,014 85 

Net cash received for marine and inl'd prem's, $739,871 89 

Interest and dividends received from all sources, . . . 31,011 83 



Gross Cash Income, $770,883 72 



Expenditures. 

Cash paid for marine and inland losses, . $1,008,396. 81 
Deduct salvage and re-insurance, . . . 255,224 71 

Net cash paid for marine and inland losses, . $753,172 10 

Cash dividends paid, 50,000 00 

paid for commissions and brokerage, .... 46,252 94 

paid for salaries of officers and employees, . . . 61,162 73 

paid for State and local taxes, 11,981 82 



Gross Cash Expenditures, $922,569 59 

15 



114 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Risks and Premiums. 



Marine risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, . . . 
Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount re-insured, . 



Net amount in force, 



Premiums. 

$11,060,683 00 $498,316 92 
. 49,142,833 00 946,472 35 



$60,203,516 00 $1,444,789 27 
. 52,885,313 00 1,036,419 78 



. $7,318,203 00 $408,369 49 
728,435 00 16,984 46 



,589,768 00 $391,385 03 



Miscellaneous. 



Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Losses incurred during the year, ..... 
Company's stock owned by directors, . < . 



$2,925,142 06 

1,335,565 63 

105,000 00 

50,000 00 

715,667 96 

97,600 00 



COMMONWEALTH INSURANCE COMPANY, BOSTON. 

[Incorporated May 6, 1875. Commenced business May 6, 1875.] 

Paid-up Capital, $500,000. 

John Hitchcock, President. Secretary, Samuel Appleton. 

Office, No. 80 Congress Street. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds, .... 

Boston city bonds, 

Cleveland city bonds, .... 
Cape Cod Railroad bonds, 
Vermont and Massachusetts Railroad bonds, 
Fitchburg Railroad bonds, 

47 shares Vermont and Massachusetts R.R., 
200 " Merchandise National Bank, . 

82 " Mt. Vernon National Bank, . 

45 ' " Hamilton National Bank, 

45 " Tremont National Bank, 

70 " State National Bank, . . . 

11 " Freeman's National Bank, 
108 " Atlas National Bank, . 
130 " Manufacturers' National Bank, 

54 " Traders' National Bank, 
106 " National Revere Bank, . 

53 " Continental National Bank, . 

42 " Howard National Bank, . 



Par value. 

$100,000 00 

5,000 00 

10,000 00 

30,000 00 

14,100 00 

25,000 00 

4,700 00 

20,000 00 

8,200 00 

4,500 00 

4,500 00 

7,000 00 

1,100 00 

10,800 00 

13,000 00 

5,400 00 

10,600 00 

5,300 00 

4,200 00 



Market value. 

$102,875 00 

5,250 00 

10,175 00 

31,500 00 

15,389 00 

26,125 00 

5,170 00 

20,050 00 

9,276 25 

5,118 75 

4,871 25 

7,665 00 

1,201 75 

12,312 00 

12,886 25 

5,454 00 

11,527 50 

5,306 63 

4,725 50 



1877.] 



AND FIRE-MARINE INS. CO'S. 



115 



7 shares National Bank of North America, 



30 
10 

4 

7 

27 
70 

5 
41 
38 
163 
11 
34 
25 

4 
20 
42 



Market National Bank, . 
Atlantic National Bank, . 
North National Bank, . 
Shawmut National Bank, . . 
Columbian National Bank, 
Third National Bank, . . " 
Massachusetts National Bank, 
National Bank of the Republic, 
Eliot National Bank, 
National Webster Bank, 
Everett National Bank, . 
New England National Bank, 
Shoe and Leather National Bank, 
Globe National Bank, . . • 
National City Bank, 
Hide and Leather National Bank, 



$700 00 


$766 50 


3,000 00 


3,210 00 


. . 1,000 00 


1,332 50 


400 00 


473 00 


700 00 


829 50 


2,700 00 


3,692 25 


7,000 00 


7,122 50 


1,250 00 


1,393 75 


4,100 00 


5,391 50 


3,800 00 


4,180 00 


16,300 00 


16,544 50 


1,100 00 


1,199 00 


3,400 00 


4,505 00 


2,500 00 


2,968 00 


400 00 


437 00 


2,000 00 


2,310 00 


4,200 00 


4,520 25 



$337,950 00 $357,754 13 



Securities held as collateral for cash loans : ■ 

28 shares Middlesex Railroad, 
100 " Atlantic Cotton Mills, . 

2 " Appleton Co., 
45 " Fitchburg Railroad, 
60 " Taunton Gas Light Company, 
15 ' ' South Boston Gas Light Company, 
5 " Dorchester Gas Light Company, 
30 " Taunton Cotton and Machine Co., 
Chicago city bonds, .... 

Howard National Bank stock, 
39 shares South Boston Gas Light Company, 
Mechanics' National Bank, . 
Manufacturers' National Bank, 
Howard National Bank, 
National Tube Works, . 
Merchandise National Bank, . 



17 " 


50 " 


10 « 


150 " 


50' " 


82 " 



Market value. 

$1,865 00 
11,925 00 
1,620 00 
4,972 50 
8,400 00 
1,785 00 
490 00 
2,250 00 
1,075 00 
1,687 50 
4,641 00 
2,610 00 
4,956 25 
1,125 00 
22,500 00 
5,012 50 
8,218 50 



Loaned thereout. 

[• $12,600 00 

4,500 00 

6,000 00- 

2,500 00 

I 4,000 00 

4,000 00 

1,000 00- 

| 17,000 00 

7,575 00 



i,133 25 $59,175 00- 

Summary of Assets, Dec. 31, 1877. 
Loans on mortgage of real estate (first liens*), $173,000 00 



Interest due or accrued thereon, 



1,372 25 



* Value of lands mortgaged, $410,000 00 

Value of buildings thereon, 246,100 00 

Total value of property mortgaged $656,100 00 

Amount of insurance held as collateral, ...... 101,200 00 



116 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 

Stocks, bonds, etc., as per schedule, . . $357,754 13 

Loans on collateral security, as per schedule, . 59,175 00 

Cash in the office of the company, . . . 5,413 64 

deposited in the Merchandise Nat'l Bank, 18,269 17 

Interest due and accrued, .... 3,806 00 

Premiums in course of collection (gross), . 28,200 38 
Agents' balances over three mos. due, $684 06 

Gross Assets, $646,990 57 



Liabilities. 

Losses adjusted, unpaid, $2,643 17 

claimed and reported, .... 4,875 00 

Unearned premiums on outstanding risks, . 105,520 93 

Commissions and brokerage, .... 3,057 88 

Gross Liabilities, except Capital, . . 116,096 98 



Surplus as regards Policy-holders, . . . . $530,893 59 
Paid-up Capital, 500,000 00 



Surplus over Capital, $30,893 59 



Income. 

Cash received for fire premiums, . . . $174,843 91 
Deduct re-insurance, rebate, and return prem's, 18,656 73 

Net cash received for fire premiums, . . $156,187 18 

Interest received on bonds and mortgages, .... 9,272 50 

Interest and dividends received from all other sources, . . 10,547 10 

Received for increased capital, $200,000 00. 

Gross Cash Income, $176,006 78 



Expenditures. 

Cash paid for fire losses, $83,108 43 

Deduct salvage and re-insurance, . . . 134 36 

Net cash paid for fire losses, .... $82,974 07 

Cash dividends paid, 30,000 00 

Cash paid for commissions and brokerage, .... 25,114 23 

for salaries of officers and employees, . . . 16,588 33 
State and local taxes, . . .... 5,587 37 

for all other items, viz. , rent, $4,000 ; 
office, agency, and incidental ex- 
penses, $14,462.85 . . .... 18,462 85 



Gross Cash Expenditures, $178,726 85 



1877.] 



AND FIRE-MARINE INS. CO'S. 



117 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 



Eisks and Premiums.^ 

Premiums. 

113,129,303 00 $145,327 31 
20,041,432 00 193,223 05 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



3,170,735 00 $338,550 36 
14,928,326 00 136,804 50 



$18,242,409 00 $201,745 86 
. 525,530 00 5,182 31 



$17,716,879 00 $196,563 55 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 

Losses incurred during the year, 

Company's stock owned by directors, .... 



$442,957 31 
136,405 18 
30,000 00 
30,000 00 
87,688 21 
79,900 00 



DWELLING-HOUSE INSURANCE COMPANY, BOSTON. 

[Incorporated Dec. 30, 1872. Commenced business Jan. 9, 1873.] 
Paid-up Capital, $300,000. 

Arthur Wm. Hobart, President. Secretary, Henry F. Perkins. 

Office, No. 29 State Street. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

Boston and Providence R.R. bonds, . . $10,000 00 $1 1,500 00 

Boston and Albany R.R. bonds, . . . 10,000 00 11,550 00 

Old Colony R.R. bonds, 20,000 00 21,300 00 

Boston and Maine R.R. bonds, . . . 10,000 00 11,050 00 

Boston and Fitchburg R.R. bonds, . . . 8,000 00 9,040 00 

Vermont and Massachusetts R.R. bonds, . 10,000 00 11,100 00 

Eastern Railroad bonds, 5,000 00 2,700 00 

Revere Town bonds, 12,000 00 13,920 00 

100 shares Second National Bank, Boston, . 10,000 00 14,500 00 

100 " Merchants' National Bank, . . 10,000 00 13,200 00 

100 " Eliot National Bank, . . . 10,000 00 11,200 00 

32 " Union, 3,200 00 4,480 00 



$118,200 00 $135,540 00 



118 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Securities held as collateral for cash loans : 



United States bonds, 

Boston and Maine Railroad bonds, . 

Boston and Albany Railroad bonds, 

Charlestown city bonds, 

Maine State bonds, . 

Boston city bonds, . 

Cambridge city bonds, 

United States bonds, 



Market value. Loaned thereon. 

$5,250 00 $5,000 00 
16,575 00 



2,120 00 
1,120 00 
5,600- 00 
3,390 00 
4,480 00 J 
26,030 00 



Y 30,000 00 



25,000 00 



,565 00 160,000 00 



Summary of Assets, Dec. 31, 1877. 

Loans on mortgage of real estate (first liens*), $148,000 00 

3,223 35 

135,540 00 

60,000 00 

3,575 48 

9,841 71 

4,101 56 

234 77 



Interest due or accrued thereon, . . 
Stocks, bonds, etc., as per schedule, 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 

deposited in Second National Bank, 
Interest due and accrued, 
Premiums in course of collection (net), . 
Gross Assets, ..... 



$364,516 87 



Liabilities. 

Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, 
Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, . 
Paid-up Capital, 



Surplus over Capital, 



$47,296 86 
171 00 



47,467 86 



. $317,049 01 
. 300,000 00 



$17,049 01 



Income. 

Cash received for fire premiums, . . . $24,261 49 
Deduct re-insurance, rebate, and return prem's, 2,139 53 

Net cash received for fire premiums, . . $22,121 96 

Interest received on bonds and mortgages, .... 10,059 37 

Interest and dividends received from all other sources, . . 9,882 55 

Income from all other sources, . . .... 376 82 

Gross Cash Income, $42,440 70 



* Value of lands mortgaged, $133,100 00 

Value of buildings thereon, 131,000 00 

Total value of property mortgaged '. $264,100 00 

Amount of insurance held as collateral 123,000 00 



1877.] 



AND FIRE-MARINE INS. CO*S. 



119 



Expenditures. 

Cash paid for fire losses, ..... 

Cash dividends paid, ..... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, . ' 

for office agency and incidental expenses, 

Gross Cash Expenditures, . . . 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, 

Deduct risks expired and terminated, 

In force at end of year,. . 
Deduct amount re-insured, 

Net amount in force, 
Perpetual risks in force, . 



$10,902,278 00 
3,269,068 00 



$3,556 25 
30,000 00 
2,562 38 
8,500 00 
4,608 01 
4,278 68 

$53,505 32 



Premiums. 

$117,260 57 
23,888 43 



$14,171,346 00 $141,149 00 
1,722,496 00 11,783 64 



[2,448,850 00 $129,365 36 
91,100 00 873 06 



$12,357,750 00 $128,492 30 
9,000 00 180 00 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.) . 
Losses incurred during the year, . . ... 
Company's stock owned by directors, .... 



$167,681 04 
25,566 21 
75,000 00 
30,000 00 
3,556 25 
49,500 00 



ELIOT INSURANCE COMPANY, BOSTON. 

[Incorporated Dec. 31, 1872. Commenced business Jan. 4, 1873.] 
Paid-up Capital, $200,000. 

George A. Curtis, President. Secretary, Greenleaf C. George. 

Office, No. 63 State Street. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, $100,000 00 $103,718 75 



Massachusetts State bonds, 5s, 
Salem city bonds, 5s, . 
Cambridge city bonds, 5s, 
Boston city bonds, . 
Lynn city bonds, 5s, 
Northampton town bonds, 



15,000 00 
4,000 00 

11,000 00 

25,000 00 
4,000 00 

20,000 00 



16,275 00 
4,080 00 

11,137 50 

27,800 00 
4,040 00 

22,000 00 



120 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Worcester and Nashua Railroad bonds, . 
Boston Gas-Light Company bonds, 
150 shares Fitchburg Railroad, 

50 " Old Colony Railroad, . 

25 u Norwich and Worcester Railroad, 

50 " Vermont and Massachusetts R.R., 
100 " Shawmut National Bank, 

50 " National Revere Bank, . 



Securities held as collateral for cash loans ; 
25 shares Equitable Trust Company, 



$15,000 00 

10,000 00 

15,000 00 

5,000 00 

2,500 00 

5,000 00 

10,000 00 

5,000 00 



$16,050 00 

10,200 00 

16,500 00 

4,718 75 

3,150 00 

5,500 00 

11,80.0 00 

5,412 50 



$246,500 00 $262,382 50 



Market value. Loaned thereon. 

$2,750 00 $2,500 00 



Summary of Assets, Dec. 31, 1877. 

Loans on mortgage of real estate (first liens *) , $108,000 00 

2,472 29 

262,382 50 

2,500 00 

3,469 24 

3,493 06 

' 3,219 29 

8,285 04 

833 33 



Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 

deposited in National City Bank, . 
Interest due and accrued, 
Premiums in course of collection (gross), 
Notes taken for fire risks, 
Gross Assets, . . 



$394,654 75 



Liabilities. 

Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., . 
State and local taxes, .... 
Commissions and brokerage., . 

Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, . 
Paid-up Capital, 



Surplus over Capital, 



$6,186 00 

53,447 47 

875 00 

669 00 

1,242 75 



62,420 22 



2,234 53 
200,000 00 

$132,234 53 



Income. 

Cash received for fire premiums, 

Deduct re-insurance, rebate, and return prem's, 

Net cash received for fire premiums, 



,399 76 
9,069 09 



$77,330 67 



* Value of lands mortgaged, ► 
Value of buildings thereon, ► 

Total value of property mortgaged, 
Amount of insurance held as collateral, 



$85,000 00 
80,100 00 

$165,100 00 
91,800 00 



1877.] 



AND FIRE-MARINE INS. CO'S. 



121 



Interest received on bonds and mortgages, 

Interest and dividends received from all other sources, 



$8,116 33 
14,633 65 



Gross Cash Income, ......... $100,080 65 

Expenditures. 
Cash paid for fire losses, .... $50,025 90 

Deduct salvage and re-insurance, ... 187 57 

Net cash paid for fire losses, . 
Cash dividends paid, .... 
paid for commissions and brokerage, 
paid for salaries of officers and employees, 
• paid for State and local taxes, 
paid for rent and office expenses, . 

Gross Cash Expenditures, 

Risks and Premiums. 



Eire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



$8,939,697 00 
8,332,667 00 

$17,272,364 00 
8,729,879 00 

$8,542,485 00 
56,083 00 



49,838 33 
20,000 00 
11,535 33 
11,250 00 
4,685 31 
5,277 67 

$102,586 64 



Premiums. 

$126,602 98 
87,314 08 

$213,917 06 
97,277 99 

$116,639 07 
844 08 



1,486,402 00 $115,794 99 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), . 
Losses incurred during the year, ..... 
Company's stock owned by directors, . . . . 



$522,198 82 
158,654 70 
70,000 00 
20,000 00 
55,724 33 
26,000 00 



EQUITABLE MARINE INSURANCE COMPANY, PROVINCETOWN. 

[Incorporated, Feb. 10, 1845. Commenced business Feb. 20, 1845.] 

Paid-up Capital, $17,000. 

Artemas Paine, President. Secretary, Enos N. Young. 

Office, No. 186 Commercial Street. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

120 shares Freeman's National Bank, Boston, $12,000 00 $12,960 00 
60 " First National Bank, Provincetown, 6,000 00 9,600 00 



$18,000 00 $22,560 00 



16 



122 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Summary of Assets, Dec. 31, 1877. 

Stocks, bonds, etc., as per schedule, . . $22,560 00 

Cash in the office of the company, . . . 113 38 

deposited in First National Bank, . . 3,197 30 

Premiums in course of collection (gross), . 10,594 75 

Notes taken for marine and inland risks, . 9,682 25 

Gross Assets, 



$46,147 68 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, . 
Less re-insurance, . . . 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Dividends to stockholders, unpaid, . 
Due and accrued for rent, salaries, etc., 
Due for borrowed money, 

Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, 
Paid-up Capital, .... 



Surplus over Capital, 



Income 



$2,154 47 
4,500 00 
2,800 00 

$9,454 47 
1,000 00 

$8,454 47 

9,682 25 

363 00 

685 00 

4,000 00 



Cash received for marine and inland prem's, . 
Deduct re-insurance, rebate and return prem's, 
Net cash received for marine and inl'd prem's, 
Interest and dividends received from all sources, 



$17,539 72 
1,078 32 



23,184 72 



$22,962 96 
17,000 00 

$5,962 96 



$16,461 40 
1,350 56 



Gross Cash Income, $17,811 96 



Expenditures. 

Cash paid for marine and inland losses, . 
Deduct salvage and re-insurance, 
Net cash paid for marine and inland losses, 
Cash dividends paid, ..... 
Cash paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes, 



$16,517 90 
3,849 38 



$12,668 52 

3,000 00 

812 76 

789 80 

304 11 



Gross Cash Expenditures, 



$17,575 19 



1877.] 



AND FIRE-MARINE INS. COS. 



123 



Risks and Premiums. 



Marine risks outstanding Dec. 31, 1876, 
written during 1877, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



$130,115 00 
294,707 00 



$124,822 00 
302,347 00 



$122,475 00 
7,500 00 



$114,975 00 



Premiums. 

$11,949 30 
15,051 36 

$27,000 66 
17,318 41 

$9,682 25 
455 00 

$9,227 25 



FANEUIL HALL INSURANCE COMPANY, BOSTON. 

[Incorporated February, 1871. Commenced business March, 1872.] 

Paid-up Capital, $400,000* 

"K. S. Chaffee, President. Secretary, H. D. Bradbury. 
Office, No. 60 Devonshire Street. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

116 shares Commerce National Bank Boston, . $11,600 00 $12,296 00 

100 " Globe National Bank, Boston, . 10,000 00 10,825 00 

100 " Howard National Bank, Boston, . 10,000 00 11,225 00 

95 " Hamilton National Bank, Boston, . 9,500 00 10,735 00 

95 « Rockland National Bank, Boston, . 9,500 00 13,110 00 

146 " Merchants' National Bank, Boston, 14,600 00 19,272 00 

63 " Hide & Leather Nat'l Bank, Boston, 6,300 00 6,74100 

60 " Redemption Nat'l Bank, Boston, . 6,000 00 7,815 00 

60 " First National Bank, Newburyport, 6,000 00 7,815 00 

60 " First National Bank, Boston,. . 6,000 00 10,860 00 

58 " Traders' National Bank, Boston, . 5,800 00 5,814 50 

50 " Second National Bank, Boston, . 5,000 00 7,012 50 

50 " Atlantic National Bank, Boston, . 5,000 00 6,650 00 

25 " Wachusett Nat'l Bank, Fitchburg,. 2,500 00 2,637 50 

27 " Faneuil Hall Nat'l Bank, Boston, . 2,700 00 3,591 00 

25 " Eliot National Bank, Boston, . 2,500 00 2,750 00 

30 " Exchange National Bank, Boston, . 3,000 00 4,800 00 

23 " People's National Bank, Boston, . 2,300 00 3,398 25 

15 " Market National Bank, Boston, . 1,500 00 1,590 00 

14 " Central National Bank, Lynn, . 1,400 00 1,890 00 

10 " Massachusetts Nat'l Bank, Boston, 2,500 00 2,787 50 

10 " Northboro' Nat'l Bank, NortHboro', 1,000 00 1,200 00 

8 " Tremont Nat'l Bank, Boston, . 800 00 862 00 

6 " North Nat'l Bank, Boston, . . 600 00 708 00 



* Since reduced to $300,000. 



124 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



3 shares Bunker Hill National Bank, Boston, 

20 " Freeman's National Bank, Boston, 

31 " New England Nat'l Bank, Boston, 

10 " Commonwealth Nat'l Bank, Boston, 

5 " Boston and Albany Railroad, 

Middlesex Railroad bonds, 

Somerville town bonds, . 

United States bonds, 

Toledo, Ohio, city bonds, 

Minneapolis city bonds, 7s, 

St. Paul city bonds, 7s, . 



Securities held as collateral for cash loans : 
27 shares Brewers and Maltsters' Ins. Co., 



$300 00 

2,000 00 

3,100 00 

1,000 00 

500 00 

8,500 00 

25,000 00 

50,000 00 

7,984 67 

16,000 00 

6,000 00 



$511 50 

2,160 00 

4,138 50 

1,050 00 

625 00 

9,180 00 

27,500 00 

53,127 50 

7,975 46 

17,080 00 

6,000 00 



$246,484 67 $285,733 21 

Market value. Loaned thereon. 

$1,080 00 $1,000 00 



Summary of Assets, Dec. 31, 1877. 

Cash value of unencumbered real estate, . $20,160 00 

Loans on mortgage of real estate (first liens *), 142,950 00 

Interest due and accrued thereon, . . . 5,628 68 

Stocks, bonds, etc., as per schedule, . . 285,733 21 

Loans on collateral security, as per schedule, 1,000 00 

Cash in the office of the company, . . . 700 69 
deposited in Nat'l B'k of the Commonwealth, 9,375 81 

Interest due and accrued, .... 2,290 42 

Premiums in course of collection (gross), . 43,142 17 

Notes taken for marine and inland risks, . 5,536 27 

Gross Assets, . . . . . 



$516,517 25 



Liabilities. 



Losses adjusted, unpaid, 

claimed and reported, . 
disputed or resisted, 


. $10,345 35 
2,374 00 
4,300 00 


Total amount of losses, .... 
Less re-insurance, 


. $17,019 35 
232 50 


Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Dividends to stockholders unpaid, . 


. $16,786 85 

. 128,900 92 

805 00 


-./, 


. $195,000 00 


Total value of property mortgaged, 
Amount of insurance held as collateral, . 


. $320,000 00 
95,100 00 



1877.] AND FIRE-MARINE INS. CO'S. 125 

Due and accrued for rent, salaries, etc., . . $3,000 00 
Commissions and brokerage, .... 2,000 00 

Gross Liabilities, except Capital, . . $151,492 77 



Surplus as regards Policy-holders, $365,024 48 

Paid-up Capital, . . . 400,000 00 



Impairment of Capital, $34,975 52 

Income. 

Cash received for fire premiums, . . . $251,306 50 
Deduct t re-insurance, rebate, and return prem's, 39,938 40 

Net cash received for fire premiums, . . $211,368 10 

Unpaid premium notes rec'd during the year, . $4,261 96 

Interest and dividends received from all sources, . . . 26,249 97 

Income from premium on gold, . . .... 1,546 00 



Gross Cash Income, $239,164 07 

Expenditures. 

Cash paid for fire losses, $120,505 28 

Deduct salvage and re-insurance, . . . 294 26 

Net cash paid for fire losses, .... — — — $120,211 02 

Cash paid for commissions and brokerage, .... 46,874 92 

paid for salaries of officers and employees, . . . 4,715 14 

paid for State and local taxes, 7,897 83 

paid for office, agency, and incidental expenses, . . 25,233 36 



Gross Cash Expenditures, $204,932 27 

Risks and Premiums. 

Premiums. 

Fire risks written during 1877, . . $16,651,340 00 $231,388 37 

In force at end of year, . . . . $17,385,436 00 $252,906 69 
Deduct amount re-insured, . . . 339,492 00 5,196 12 

Net amount in force, . . . $17,045,944 00 $247,710 57 

Miscellaneous. 

Premiums received from organization of company, . $1,024,335 50 
Losses paid from organization of company, . . . . 575,305 20 
Cash dividends declared from organization of company, . . 59,250 00 
Losses incurred during the year, ..... 114,475 98 

Company's stock owned by directors, ..... 142,700 00 



126 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



FIREMEN'S FIRE INSURANCE COMPANY, BOSTON. 

[Incorporated Dec. 21, 1872. Commenced business Dec. 30, 1872.] 
Paid-up Capital, $300,000. 

Thomas W. Tucker, President. Secretary, Henry C. Short. 

Office, J/,8 Congress Street. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. 

Boston city bonds, $40,000 00 

Charlestown city bonds, . . . 63,000 00 

Lowell city bonds, ...... 15,000 00 

Chelsea city bonds, 4,000 00 

Somerville city bonds, 20,000 00 

Fall River city bonds, 30,000 00 

Cambridge city bonds, . . . . 12,000 00 

Lawrence city bonds, ..... 18,000 00 

Providence city loan, 20,000 00 

Eastern Railroad bonds, 22,500 00 

Worcester and Nashua Railroad bonds, . . 10,( 00 00 
Boston Gas Light Company bonds, . . 10,000 00 

South Boston Gas Light Company notes, . 10.000 00 

United States bonds, 100,000 00 

Corporation notes, 55,000 00 



Market value. 

$43,250 00 
70,245 00 
16,575 00 
4,400 00 
22,000 00 
33,150 00 
12,950 00 
19,890 00 
20,000 00 
11,812 50 
10,000 00 
10,300 00 
10,000 00 

105,500 00 
54,175 00 



Securities held as collateral for cash loans : - 

320 shares Indian Orchard Mills, . 
3 " Amoskeag Manufacturing Co., 
25 " South Boston Gas Light Company, 
United States 10-40 bond, . 



$429,500 00 $444,247 50 

Market value. Loaned thereon. 

$28,800 00 $25,000 00 

4,500 00) 00 

2,975 00) 

1,075 00 1,000 00 

1,075 00 1,000 00 



$38,425 00 $32,000 00 



Summary of Assets, Dec. 31, 1877. 
Loans on mortgage of real estate (first liens),* $181,500 00 



Interest due or accrued thereon, 
Stock, bonds, etc., as per schedule, 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 

deposited in the Third National Bank, 



2,532 87 

444,247 50 

32,000 00 

451 22 

7,522 37 



* Value of lands mortgaged, $161,100 00 

Value of buildings thereon, 185,300 00 

Total value of property mortgaged, $346,400 00 

Amount of insurance held as collateral, .... 165,100 00 



1877.] 



AND FIRE-MARINE INS. CO'S. 



127 



Interest due and accrued, 


. $6,352 55 




Premiums in course of collection (gross), 


10,210 53 




Gross Assets, 

Liabilities. 




$684,817 04 




Losses adjusted, unpaid, .... 


. $2,139 28 




claimed and reported, ..." 


3,063 70 




disputed or resisted, . 


2,500 00 




Unearned premiums on outstanding risks, 


. 107,681 28 




Dividends to stockholders unpaid, . 


105 00 




Due and accrued for rent, salaries, etc., . 


1,151 94 




Commissions and brokerage, . 


403 05 




Return premiums, ..... 


17 95 




Gross Liabilities, except Capital, 




117,062 20 


• • • 


Surplus as regards Policy-holders, . 


$567,754 84 






300,000 00 




$267,754 84 



Income. 

Cash received for fire premiums, . . . $127,320 68 
Deduct re-insurance, rebate, and return prem's, 9,675 70 

Net cash received for fire premiums, . . — 

Interest received on bonds and mortgages, .... 
Interest and dividends received from all other sources, . 
Income from sale of map, 



Gross Cash Income, 



$117,644 98 

13,148 56 

25,615 42 

25 00 

$156,433 96 



Expenditures. 
Cash paid for fire losses, .... 
Deduct salvage and re-insurance, 
Net cash paid for fire losses, . 
Cash dividends paid, .... 
Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for office, agency, and incidental expenses, 



$63,460.53 
227 18 < 



Gross Cash Expenditures, 



$63,233 35 

30,295 00 

13,512 10 

12,174 96 

7,912 70 

7,358 19 

$134,486 30 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1876, . $20,299,765 00 $290,555 73 
written during 1877, . . . 12,854,294 00 124,070 25 



Total, 



$33,154,059 00 $414,625 98 



128 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 

Deduct risks expired and terminated, . $14,111,232 00 $150,288 89 



In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



$19,042,827 00 $264,337 09 
16,416 00 130 06 



$19,026,411 00 $264,207 03 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent), . 
Losses incurred during the year, . . 

Company's stock owned by directors, . 



$824,933 02 

305,179 05 

105,000 00 

30,000 00 

63,310 96 

19,500 00 



FIRST NATIONAL FIRE INSURANCE COMPANY, WORCESTER. 

[Incorporated April, 1868. Commenced business January, 1869.] 
Paid-up Capital, $200,000. 

Charles B. Pratt, President. Secretary, R. James Tatman. 

Office, No. 410 Main Street. 

Detailed Statement of Stocks, 



United States bonds, 
Worcester city bonds, 
Springfield city bonds, . 
New London city bonds, 
Worcester and Nashua R. R. bonds, 
Boston, Barre, and Gardner R. R. bonds 
Fitchburg and Worcester R. R. bonds, 
Providence and Worcester R. R. stock, 
First National Bank (Worcester), stock, 



Securities held as collateral for cash loans : — 

Chicago, Danville, and Vincennes R. R. bonds, 

United States bonds, 

8 shares Grafton National Bank, . 
25 " Taylor and Farley Organ Company, 
220 " First National Bank, Worcester, . 



Bonds, Etc 




Par value. 


Market value. 


$1,000 00 


$1,044 88 


3,500 00 


3,902 50 


6,000 00 


7,080 00 


10,000 00 


11,075 00 


500 00 


492 50 


17,000 00 


18,020 00 


5,000 00 


5,000 00 


5,000 00 


5,000 00 


10,200 00 


14,790 00 


158,200 00 


$66,404 88 


Market value. 


Loaned thereon. 


$900 00 


$415 50 


528 75 


550 00 


944 00 


400 00 


2,500 00 


2,000 00 


31,900 00 


30,000 00 



$36,772 75 $33,365 50 



1877.] 



AND FI&E-MARINE INS. CO'S. 



129 



Summary of Assets, Dec. 31, 1877. 

Loans on mortgage of real estate (first liens *), $166,925 00 

Interest due or accrued thereon, . . . 3,053 32 

Stocks, bonds, etc., as per schedule, . . 66,404 88 

Loans on collateral security, as per schedule, . 33,365 50 

Cash in the office of the company, . . . 5,992 71 

deposited in First National Bank . . 23,057 88 

Interest due and accrued, .... 606 66 

Premiums in course of collection (gross), . 11,526 61 

Gross Assets, $310,932 56 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, 
Paid-up Capital, .... 



Surplus over Capital, 



Income 



$915 00 

8,680 67 

2,800 00 

66,279 51 

1,728 99 



80,404 17 

. $230,528 39 
. 200,000 00 



Cash received for fire premiums, 

Deduct re-insurance, rebate, and return prem's, 

Net cash received for fire premiums, 

Interest received on bonds and mortgages, 

Interest and dividends received from all other sources, 

Received for increased capital, . $50,000 

Gross Cash Income, 



$127,658 24 
11,733 61 



$30,528 39 



$115,924 63 

11,041 22 

5,799 93 



$132,765 78 



Expenditures. 

Cash paid for fire losses, 

Cash dividends paid, 

Stock dividends declared, . . $50,000 
Cash paid for commissions and brokerage, 

for salaries of officers and employees, . 

for State and local taxes, 

for office, agency, and incidental expenses, 

Gross Cash Expenditures, .... 



$63,049 26 
15,000 00 

18,923 43 
5,266 66 
3,627 60 
8,147 00 

$114,013 95 



* Total value of property mortgaged, $375,993 00 

Amount of insurance held as collateral, . . . . . 108,230 00 
17 



130 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Fire risks outstanding Dec. 31, 1876, 
■written during 1877, 



Risks and Premiums. 

Premiums. 

$6,896,778 00 $113,531 69 
9,221,445 00 127,658 24 



Total, . . • . 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 



Net amount in force, 



$16,118,223 00 $241,189 93 
7,401,676 00 110,294 45 



(,716,547 00 $130,895 48 
43,850 00 491 73 



,672,697 00 $130,403 75 



Miscellaneous. 



Premiums received from organization of company, 

Losses paid from organization of company, . 

Cash dividends declared from organization of company, 

5 Cash, 
Dividends declared during the year, i cf or v 

Losses incurred during the year, ..... 
Company's stock owned by directors, .... 



$1,089,092 00 

666,816 69 

56,000 00 

15,000 00 

50,000 00 

68,872 58 

68,200 00 



FRANKLIN INSURANCE COMPANY OF BOSTON, BOSTON. 

[Incorporated Jan. 4, 1873. Commenced business, Feb. 15, 1873.] 
Paid-up Capital, $200,000. 

William M. Byrnes, President. • Secretary, Edmund B. Whitney. 

Office, No. 46 State Street. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, 6s, gold, 1881, . > . $15,000 00 $16,500 00 

Boston city bonds, gold, 25,000 00 27,643 75 

Worcester city bonds, 6s, .... 5,000 00 5,500 00 

Medford town notes, 25,000 00 26,025 00 

Boston and LoweU Railroad notes, . . . 20,000 00 20,350 00 

Eastern Railroad bonds, gold, . . . 7,000 00 3,780 00 

100 shares Jamaica Plain Gas Light Co., . 10,000 00 12,250 00 

South Boston Gas Light Co., notes, . . 10,000 00 10,000 00 

100 shares Merchandise Nat'l Bank, Boston, . 10,000 00 10,100 00 



Securities held as collateral for cash loans : 

450 shares Boston Wharf Company, 
11 " Boylston National Bank, 

9 " Russell Mills, . 
130 " Alliance Insurance Company, 



$127,000 00 $132,148 75 



Market value. Loaned thereon. 

$18,000 00 $15,000 00 
1,298 00 > 2moo 
900 00 f 
13,000 00 12,350 00 



$33,198 00 $29,461 00 



1877.] 



AND FIRE-MARINE INS. CO'S. 



131 



Summary of Assets, Dec. 31, 1877. 



Cash value of unencumbered real estate, . 

Loans on mortgage of real estate (first liens *), 

Interest due or accrued thereon, 

Stocks, bonds, etc., as per schedule, 

Loans on collateral security, as per schedule, 

Cash in the office of the company, . 

deposited in National Union Bank, . 
Interest due and accrued, 
Premiums in course of collection (gross). 
Rents due and accrued, . . . $606 25 
Re-insurance due, . . . . 1,128 94 



Gross Assets, 

Liabilities. 

Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, ... 
Gross Liabilities, except Capital, 

Surplus, as regards policy-holders, . 
Paid-up Capital, ..... 



$37,000 00 

45,300 00 

2,404 00 

132,148 75 

29,461 00 

679 20 

7,506 18 

2,240 04 

7,118 76 



1,735 19 



$7,928 00 

48,752 65 

621 93 



Surplus over Capital, 

Income. 

Cash received for fire premiums, . . . $82,735 44 
Deduct re-ins., rebate, and return prem's, . 6,171 66 

Net cash received for fire premiums, . . 

Interest received on bonds and mortgages, .... 
Interest and dividends received from all sources, . . . 

Gross Cash Income, 



Expenditures. 

Cash paid for fire losses, $42,701 83 

Deduct salvage and re-insurance, ..." 45 71 

Net cash paid for fire losses, . 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

office, agency, and incidental expenses, . 

Gross Cash Expenditures, .... 



$265,593 12 



57,302 58 

$208,290 54 
200,000 00 

$8,290 54 



$76,563 78 
1,878 00 
9,852 34 

,294 12 



$42,656 12 

20,000 00 

11,196 00 

12,232 00 

2,452 44 

8,586 40 

$97,122 96 



* Value of lands mortgaged, $26,700 00 

Value of buildings thereon, 42,700 00 



Total value of property mortgaged, 
Amount of insurance held as collateral, 



$69,400 00 
37,300 00 



132 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, . 

Total, . . . . 

Deduct risks expired and terminated, 

In force at end of year, 



Premiums. 

58,881,620 00 $116,210 70 
8,218,847 00 79,034 79 



$17,100,467 00 $195,245 49 
8,316,960 00 87,112 66 



$8,783,507 00 $108,132 83 



Miscellaneous. 



Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Losses incurred during the year, . . .... 

Company's stock owned by directors, .... 



$534,204 98 
244,655 39 
60,000 00 
20,000 00 
47,485 51 
28,300 00 



GLOUCESTER FIRE INSURANCE COMPANY, GLOUCESTER. 

[Incorporated May 15, 1869. Commenced business, March 28, 1870.] 
Paid-up Capital, $100,000. 

R. R. Fears, President. Secretary, John Cunningham. 



Detailed Statement of Stocks, 



United States bonds, 

44 shares Gloucester National Bank, 
100 

20 

50 
100 

20 

10 

10 

36 

30 
7 

20 
6 

50 

10 

20 

35 

20 

50 



Cape Ann National Bank, 
North National Bank, Boston, 
Exchange National Bank, Boston, 
Revere National Bank, Boston, 
First National Bank, Boston, . 
Commonwealth Nat'l B'k, Boston 
Mutual Redemption Bank, Boston, 
Eliot National Bank, Boston, 
Second National Bank, Boston, 
Boston National Bank, Boston, 
Washington Na'l Bank, Boston, 
Howard National Bank, Boston, 
Eastern Railroad, . 
Great Falls and Conway Railroad, 
Fitchburg Railroad, 
Old Colony Railroad, 
Boston and Albany Railroad, 
Gloucester Gas-Light Company, 



Eastern Railroad bonds, . 



Bonds, Etc. 

Par value. 

$15,000 00 
4,400 00 
10,000 00 
2,000 00 
5,000 00 
10,000 00 
2,000 00 
1,000 00 
1,000 00 
3,600 00 
3,000 00 
700 00 
2,000 00 
600 00 
5,000 00 
1,000 00 
2,000 00 
3,500 00 
2,000 00 
2,500 00 
6,500 00 



Market value. 

$15,850 00 

6,248 00 

16,200 00 

2,360 00 

8,000 00 

10,800 00 

3,620 00 

1,040 00 

1,300 00 

3,960 00 

4,200 00 

770 00 

2,620 00 

672 00 

225 00 

30 00 

2,200 00 

3,360 00 

2,500 00 

3,250 00 

3,380 00 



1877.] 



AND FIRE-MARINE INS. CO'S. 



133 



Chicago, Burlington, and Quincy R.R. bonds, 

Boston city bonds, 

Cambridge city bonds, 



Securities held as collateral for cash loans : 

United States bonds, .... 
20 shares City National Bank, 



$2,000 00 
4,000 00 
5,000 00 



£2,040 00 
4,520 00 
5,350 00 



)3,800 00 $104,495 00 



Market value. Loaned thereon. 

$6,300 00 $6,000 00 
2,160 00 2,000 00 



5,460 00 



Summary of Assets, Dec. 31, 1877. 

Loans on mortgage of real estate (first liens *), $48,600 00 

Interest due or accrued thereon, . . . 1,139 17 

Stocks, bonds, etc., as per schedule, . . 104,495 00 

Loans on collateral security, as per schedule, . 8,000 00 

Cash in the office of the company, ... 77 68 

deposited in City National Bank, . . 11,392 10 

Interest due and accrued, . . . . 105 46 

Premiums in course of collection (net), . . 8,716 30 

Notes taken for marine and inland risks, . 10,869 03 
Premiums more than 3 mo's due, . $189 38 
Office furniture, . . . ... 100 00 

Gross Assets, 



Liabilities. 

Losses adjusted, unpaid, .... 

claimed and reported, . 
Unearned premiums on outstanding risks, 
Dividends to stockholders unpaid, . 
Due and accrued for rent, salaries, etc. . 
Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, . 
Paid-up Capital, .... 



$8,160 08 

10,379 93 

48,788 28 

278 00 

370 99 



Surplus over Capital, 

Income. 

Cash received for fire premiums, 

Deduct re-insurance, rebate, and return prem's, 

Net cash received for fire premiums, 



$54,659 18 
5,234 89 



!,000 00 



$193,394 74 



67,977 28 



. $125,417 46 
. 100,000 00 



$25,417 46 



,424 29 



* Value of lands mortgaged, $44,200 00 

"Value of buildings thereon 66,200 00 

Total value of property mortgaged, . . . . . . $110,400 00 

Amount of insurance held as collateral, 49,100 00 



134 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Cash received for marine and inland prem's, . $15,398 61 
Deduct re-insurance, rebate, and return prern's, 906 05 

Net cash received for marine and inl'd prem's, 

Unpaid premium notes rec'd during the year, . $10,692 03 
Interest received on bonds and mortgages, .... 

Interest and dividends received from all other sources, . 
Income from rent, . . . ... . $125 00 

Return tax, * . 854 43 



$14,492 56 

5,232 13 
4,373 52 



979 43 



Gross Cash Income, $74,501 93 



Expenditures. 
Cash paid for fire losses, .... 
for marine and inland losses, . 
dividends paid, . . . 
paid for commissions and brokerage, 

for salaries of officers and employees 

for State and local taxes, 

for interest, .... 



Gross Cash Expenditures, 

Risks. and Premiums. 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 

Marine risks outstanding Dec. 31, 1876, 
written duriDg 1877, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



$4,590,949 50 
3,613,143 41 

$8,204,092 91 
3,873,027 56 



$42,046 76 
11,910 13 
3,972 00 
9,309 61 
5,608 62 
1,907 31 
115 70 

$74,870 13 



Premiums. 

$78,306 53 
58,732 86 

$137,039 39 
65,884 81 



$4,331,065 35 $71,154 58 



$56,000 00 
891,812 16 

$947,812 16 
690,627 56 

$257,184 60 
14,103 00 



$3,113 25 
25,710 75 

$28,824 Off 
15,214 89 

$13,609 11 
396 25 



$243,081 60 $13,212 86 



Miscellaneous. 

Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (4 per cent.), . 
Losses incurred during the year, ..... 
Company's stock owned by directors, .... 



$413,014 68 

275,673 91 

30,000 00 

4,000 00 

61,645 28 

32,700 00 



1877.] 



AND FIRE-MARINE INS. CO'S. 



135 



MANUFACTURERS' FIRE AND MARINE INSURANCE COMPANY, 

BOSTON. 

[Incorporated Jan. 9, 1873. Commenced business Jan. 9, 1873.] 
Paid-up Capital, $500,000. 

Samuel Gould, President. Secretary, James J. Goodrich. 

Office, No. 59 State Street. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

200 shares National City Bank, . . . $20,000 00 $23,100 00 

150 " Shawmut National Bank, . . 15,000 00 17,718 00 

250 " Second National Bank, .. . . 25,000 00 35,062 00 

200 " Shoe and Leather National Bank, . 20,000 00 23,200 00, 

150 " Hamilton National Bank, . . 15,000 00 16,950 00 

150 " National Eagle Bank, . . . 15,000 00 16,200 00 

Cheshire Railroad bonds, .... 52,000 00 50,570 00 

Boston and Lowell Railroad bonds, . . 100,000 00 107,500 00 

Middlesex Railroad bonds, .... 25,000 00 27,000 00 

Somerville Railroad stock, .... 2,00000 1,90000 



$289,000 00 $319,200 00 



Securities held as collateral for cash loans : — 







Market value. Loaned thereon. 


100 shares Panama Railroad, . . 


$11,400 00 


$10,000 00 


53 ' 


f Middlesex Railroad, 


4,942 00 


1,600 00 


8 ' 


' Franklin Company, 


568 00 


500 00 


10 ' 




710 00 


650 00 


25 < 


' Androscoggin Mills, 


2,525 00- 


) 


8 ' 


' Lowell Machine Shop, . 


5,800 00 


- 10,000 00 


5 ' 


' Lowell Manufacturing Company, 


3,625 00. 


) 


50 < 


' Boston Machine Company, 


25,000 00 ' 


- 25,000 00 


250 ' 


' Forbes Lithograph Manuf. Co., 


25,000 00 , 


140 < 


' National City Bank, 


16,170 00 


8,500 00 


42 ' 


' Boston Gas-Light Company, . 


34,020 00 


13,000 00 


18 < 


' Union Market National Bank, 


1,350 00 


1,600 00 


288 < 


' Metropolitan Insurance Company, . 


5,760 00 


4,500 00 


26 ' 


' Boston and Lowell Railroad, . 


9,236 00 " 




5 < 


' York Manufacturing Company, 


6,875 00 




401 < 


' Cheshire Railroad, . 


14,800 00 


- 47,000 00 


165 < 


' Pa. Salt Manufacturing Company, . 


11,500 00 


Michig 


an Central Railroad bonds, . 


3,600 00 




Middle 


sex Railroad bonds, . 


2,160 00. 




190 sha 


,res Franklin Company, 


14,200 00' 




Middle 


sex Railroad bonds, . 


10,800 00 




142 sha 


res Middlesex Railroad, 


13,236 00 


>- 25,000 00 


New Y 


ork and New England Railroad bonds, 


4,250 00 





136 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



1 share Pepperell Manufacturing Company, 

27 shares Androscoggin Mills, 

50 " Franklin Company, 
240 " Chicago, B. and Q. Railroad, 
Rutland Railroad bonds, 
400 shares Crescent Mills, 
100 " South Boston Iron Company, . 

25 " American Linen Company, . 



$775 00 

2,727 00 

3,550 00 

24,690 00 

8,000 00 

40,000 00 

25,000 00 

28,750 00 



$5,500 00 

25,000 00 

40,000 00 
12,387 00 
25,000 00 

$361,019 00 $255,237 00 



Summary of Assets, Dec. 31, 1877. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens) , 
Interest due or accrued thereon, . < 
Stocks, bonds, etc., as per schedule, 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 

deposited in various banks, 
Interest due and accrued, 
Premiums in course of collection (net) , . 
Notes taken for marine and inland risks, 

Rents due, $1,650 00 

Re-insurance and salvage, . . 10,000 00 



$80,000 00 

82,400 00 

2,786 75 

319,200 00 

255,237 00 
13,595 04 

297,480 10 

6,321 72 

22,739 92 

67,619 55 



Gross Assets, 

Liabilities. 

Losses in process of adjustment, 
Unearned premiums on outstanding risks, 
Unused balances of premium notes, 
Dividends to stockholders unpaid, . 
Due and accrued for rent, salaries, etc., . 
Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, . 
Paid-up Capital, . ». 



11,650 00 



-$1,159,030 08 



Surplus over Capital, 



$57,000 00 

342,555 02 

3,865 00 

550 00 

875 00 



- 404,845 02 

. $754,185 06 
. 500,000 00 



$254,185 06 



Income. 

Cash received for fire premiums, . . . $260,851 56 
Deduct re-ins., rebate, and return premiums, . 23,759 91 

Net cash received for fire premiums, . . — 

Cash rec'd for marine and inland premiums, . $169,489 21 
Deduct re-ins., rebate, and return premiums, . 29,321 52 

Net cash rec'd for marine and inland prem's, . 

Interest received on bonds and mortgages, .... 
Interest and dividends received from all other sources, . 
Income from rents, 



$237,091 65 



140,167 69 

4,109 25 

43,189 48 

6,775 90 



Gross Cash Income, . 



$431,333 97 



1877.] 



AND FIRE-MARINE INS. CO'S. 



137 



Expenditures. 

Cash paid for fire losses, $170,032 80 

Deduct salvage and re-insurance, . . . 8,206 13 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, . . $190,642 93 

Deduct salvage and re-insurance, . . . 11,667 84 

Net cash paid for marine and inland losses, 

Cash dividends paid, .... 

paid for commissions and brokerage, 

paid for salaries of officers and employees, 

for State and local taxes, 

for office, agency, and incidental expenses 

Gross Cash Expenditures, 



$161,826 67 



178,975 09 
49,450 00 
10,022 38 
41,301 03 
11,489 03 
30,427 03 

$483,491 23 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, . ... 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 

Marine risks outstanding Dec. 31, 1876, 
written during 1877, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



$30,579,097 00 
32,701,879 00 

$63,280,976 00 
27,867,341 00 

$35,413,635 00 
311,345 00 



Premiums. 

$341,437 82 
272,022 55 

$613,460 37 
268,024 84 

$345,435 53 
1,968 54 



$35,102,290 00 $343,466 99 



$3,678,829 00 
13,427,259 00 

$17,106,088 00 
11,677,768 00 

$5,428,320 00 
35,814 00 



$181,843 06 
153,953 48 



,796 54 

156,175 79 

$179,620 75 

798 53 



$5,392,506 00 $178,822 22 



Miscellaneous. 

Premiums received from organization of company, . $2,615,324 45 
Losses paid from organization of company, . . . 1,328,511 84 

Cash dividends declared from organization of company, . 175,000 00 
Dividends declared during the year (10 per cent), . . 50,000 00 

Losses incurred during the year, 308,601 76 

Company's stock owned by directors, 61,100 00 

18 



138 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



MERCANTILE MARINE INSURANCE COMPANY, BOSTON. 

[Incorporated Feb. 11, 1823. Commenced business May, 1823.] 
Paid-up Capital, $400,000. 

George R. Rogers, President. Secretary, B. F. Field, Jun. 

Office, 58 State Street. 



Detailed Statement of Stocks, 

100 shares Atlantic National Bank, 
200 
200 
214 
300 
120 
160 
200 
37 
178 
535 
200 
200 
200 
100 



City National Bank, 
Columbian National Bank, 
Eagle National Bank, 
Globe National Bank, 
Hamilton National Bank, 
New England National Bank, 
North National Bank, 
Railroad National Bank, 
State National Bank, 
Suffolk National Bank, . 
Tremont National Bank, 
Union National Bank, . 
Boston and Providence Railroad, 
Lyman Mills, .... 

New Bedford Railroad bonds, 

Boston and Albany Railroad bonds, 

Boston and Maine Railroad bonds, . 

Boston and Lowell Railroad bonds, 

Fitchburg Railroad bonds, 

Charlestown water loan bonds, 

Boston city bonds, 6s, . 

United States bonds, 5s, registered, 1881, 



Bonds, Etc. 

Par value. 

$10,000 00 
20,000 00 
20,000 00 
21,400 00 
30,000 00 
12,000 00 
16,000 00 
20,000 00 
3,700 00 
17,800 00 
53,500 00 
20,000 00 
20,000 00 
20,000 00 
10,000 00 
30,000 00 
30,000 00 
10,000 00 
15,000 00 
25,000 00 
10,000 00 
65,000 00 
10,000 00 



Market value. 

$13,300 00 
23,000 00 
27,200 00 
23,112 00 
32,400 00 
13,440 00 
21,280 00 
23,600 00 

4,255 00 
19,402 00 
63,130 00 
21,500 00 
27,800 00 
22,000 00 

7,200 00 
28,500 00 
34,500 00 
11,000 00 
15,000 00 
28,250 00 
11,100 00 
72,800 00 
10,550 00 



Securities held as collateral for cash loans : 

United States bonds, 5s, 1881, 
City of Lawrence water loan, . 
32 shares Boston and Albany Railroad, . 
10 " State National Bank, 
3 " Pepperell Manufacturing Company, 



$489,400 00 $554,319 00 



Market value. Loaned thereon. 



$6,857 50 


$6,500 00 


1,100 00 


1,000 00 


3,936 00 


3,500 00 


1,090 00 


600 00 


2,325 00 


1,000 00 


$15,308 50 


$12,600 00 



1877.] 



AND FIRE-MARINE INS. CO'S. 



139 



Summary of Assets, Dec. 31, 1877. 



Loans on mortgage of real estate (first liens) 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 

deposited in various banks, 
Interest due and accrued, 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
Premiums more that three months due, $97 50 
Gross Assets, 



$26,500 00 

535 00 

554,319 00 

12,600 00 

1,293 97 

61,232 72 

5,595 83 

1,666 89 

55,464 50 



$719,207 91 



Liabilities. 

Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
Dividends to stockholders unpaid, . 
Due and accrued for rent, salaries, etc., . 
Commissions and brokerage, . 

Gross Liabilities, except Capital, 

Surplus as regards Policy-Holders, . 
Paid-up Capital, . . 



Surplus over Capital, 



$19,600 00 
107,705 87 

725 00 
1,508 00 

113 64 



129,652 51 



. $589,555 40 
. 400,000 00 



. $189,555 40 



Income. 

Cash received for fire premiums, 

Deduct re-insurance, rebate, and return pr em's, 

Net cash received for fire premiums, 

Cash received for marine and inland prem's, . 

Deduct re-insurance, rebate, and return prem's, 

Net cash received for marine and inl'd prem's, 

Unpaid premium notes received 

during the year, . . . $55,464 50 
Interest and dividends from all sources, . 



$42,619 26 
4,924 40 

$103,256 09 
18,892 97 



$37,694 86 



84,363 12 



34,309 94 



Gross Cash Income, . . . ..... $156,367 92 

* Value of lands mortgaged $12,200 00 

Value of buildings thereon 22,900 00 

Total value of property mortgaged, $35,100 00 

Amount of insurance held as collateral, 26,000 00 



140 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Expenditures. 

Cash paid for fire losses, 

paid for marine and inland losses, . 
Deduct salvage and re-insurance, 
Net cash paid for marine and inland losses, 
Cash dividends paid, .... 
Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for office and incidental expenses, . 

Gross Cash Expenditures, 



$53,295 76 
5,368 24 



15,786 38 



$47,927 52 
35,463 00 

5,660 27 
12,368 00 

1,653 08 
10,903 82 

. $129,762 07 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 

Marine risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



$6,893,963 00 
9,755,406 00 

$16,649,369 00 
7,902,976 00 

$8,746,393 00 
308,658 00 



Premiums. 

$64,962 13 
42,402 08 

$107,364 21 
31,276 87 

$76,087 34 
1,906 10 



5,437,735 00 $74,181 24 



$4,303,825 00 
4,915,692 00 

$9,219,517 00 
3,564,625 00 

$5,654,892 00 
149,665 00 



$58,747 34 
67,865 07 

$126,612 41 
50,924 74 

$75,687 67 
9,090 00 



1,505,227 00 $66,597 67 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year, .... 
Losses incurred during the year, ..... 
Company's stock owned by directors, .... 



54,663,080 35 

3,680,462 18 

1,614,500 00 

35,000 00 

78,508 52 

35,100 00 



1877.] 



AND FIRE-MARINE INS. CO'S. 



141 



NEPTUNE FIRE AND MARINE INSURANCE COMPANY, BOSTON. 

[Incorporated Dec. 24, 1872. Commenced business Jan. 1, 1873.] 
Paid-up Capital, $300,000. 

George F. Osborne, President. Secretary, Eugene B. Hinkley. 

Office, No. 64 State Street. 



Detailed Statement of Stocks, 

700 shares Tremont National Bank, 

100 « 
30 < 
75 « 

101 < 
36 < 

150 < 

16 < 

22 < 

27 ' 

100 < 



' National Union Bank, 

' Massachusetts National Bank, 

' Hamilton National Bank, 

' Suffolk National Bank, . 

' Globe National Bank, . 

' Revere National Bank, . 

' Everett National Bank, . 

' National Bank of Redemption, 

' Shoe and Leather National Bank, 

' Boston and Providence Railroad, 

United States bonds, 

Boston and Maine Railroad bonds, 7s, 

Fitchburg Railroad bonds, 7s, 
" city bonds, 6s, . 

Brookline water loan, 7s, 

Burlington and Mo. River, Neb., bonds, 8s, 

Union Pacific R. R. 1st mortgage bonds, 
" " " land grant bonds, 

Corporation notes, indorsed, . 

Personal notes, indorsed, 



Bonds, Etc. 

Par value. 

$70,000 00 

10,000 00 

7,500 00 

7,500 00 

10,100 00 

3,600 00 

15,000 00 

1,600 00 

2,200 00 

2,700 00 

10,000 00 

100,000 00 

30,000 00 

10,000 00 

30,000 00 

10,000 00 

20,000 00 

20,000 00 

30,000 00 



Market value. 

$75,425 00 

13,900 00 

8,362 50 

8,475 00 

11,918 00 

3,897 00 

16,312 50 

1,760 00 

2,865 50 

3,132 00 

11,100 00 

105,000 00 

33,075 00 

11,300 00 

33,075 00 

11,800 00 

21,750 00 

20,875 00 

30,450 00 

35,000 00 

6,000 00 



$390,200 00 $465,472 50 

Securities held as collateral for cash loans : — 

Market value. Loaned thereon. 

United States bonds, 6s, . . . . . $11,742 50 $11,000 00 
200 shares Chicago, Burlington, & Quincy R.R., 20,575 00 18,000 00 



$32,317 50 $29,000 00 



Summary of Assets, Dec. 31, 1877. 
Loans on mortgage of real estate (first liens *), $10,000 00 
Interest due or accrued thereon, . . . 281 67 

Stocks, bonds, etc., as per schedule, . . 465,472 50 



* Value of lands mortgaged, 
Value of buildings thereon, 



Total value of property mortgaged, 



. $16,000 00 
. 28,000 00 

. $44,000 00 



142 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 

Loans on collateral security, as per schedule, . $29,000 00 

Cash in the office of the company, . . . 1,917 09 

deposited in Tremont National Bank, . 16,893 32 

Interest due and accrued, .... 6,913 49 

Premiums in course of collection (gross), . 6,779 67 

Notes taken for marine and inland risks, . 74,744 92 
Premiums more than 3 months due, $443 65 

Gross Assets, $612,002 66 

Liabilities. 

Losses claimed and reported, .... $37,000 00 

disputed or resisted, .... 2,500 00 

Unearned premiums on outstanding risks, . 115,577 73 

Commissions and brokerage, .... 550 00 

Gross Liabilities, except Capital, . . 

Surplus as regards Policy-holders, 

Paid-up Capital, 



Surplus over Capital, . . . .... 

Income. 

Cash received for fire premiums, . . . $76,350 65 
Deduct re-insurance, rebate, and return prem's, 3,685 34 

Net cash received for fire premiums, . . 

Cash received for marine and inland prem's, . $111,889 49 
Deduct re-insurance, rebate, and return prern's, 4,654 82 

Net cash received for marine and inland prem's, 

Unpaid premium notes received during the year, $56,120 62 
Interest received on bonds and mortgages, .... 
Interest and dividends received from all other sources, . 



155,627 73 

$156,374 93 
300,000 00 

$156,374 93 



$72,665 31 



107,234 67 

1,200 00 
25,315 27 



Gross Cash Income, $206,415 25 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and re-insurance, . 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, . 

Deduct salvage and re-insurance, 

Net cash paid for marine and inland losses, 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

paid for salaries of officers and employees, 
paid for State and local taxes, 
paid for all other items; viz, rent, $4,- 
056.06; office and incidental expenses, 
$3,960.34, 

Gross Cash Expenditures, 



$49,490 64 

82 

$79,402 90 
983 40 



$49,489 82 



78,419 50 
30,000 00 
12,650 13 
14,616 69 
4,121 21 



8,016 40 
$197,313 75 



1877.] 



AND FIRE-MARINE INS. CO'S. 



143 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, . 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 

Marine risks outstanding Dec. 31, 1876, 
■written during 1877, . 

Total, . . . 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



$7,956,288 00 
. 7,136,565 00 

$15,092,853 00 
. 7,809,637 00 

$7,283,216 00 
2,500 00 



Premiums. 

$111,421 32 
74,285 60 

$185,706 92 
86,915 86 

$98,791 06 
38 50 



$7,280,716 00 $98,752 56 



$3,224,373 00 
. 2,413,539 00 

$5,637,912 00 
. 3,214,222 00 

$2,423,690 00 
7,000 00 



$101,019 67 
75,499 98 

$176,519 65 
104,803 16 

$71,716 49 
630 00 



^2,416,690 00 $71,086 49 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 

Losses incurred during the year, 

Company's stock owned by directors, . 



.,130,893 27 
676,647 19 
120,000 00 

30,000 00 
113,909 32 

47,100 00 



NORTH AMERICAN INSURANCE COMPANY, BOSTON. 

[Incorporated December, 1872. Commenced business Jan. 1, 1873.] 
Paid-up Capital, $200,000. 

Albert Bowker, President. Secretary, E. E. Patridge. 

Office, No. 1 Old State House. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States registered bonds, 5s, . . . $20,000 00 $21,050 00 

Cambridge city bonds, 10,000 00 10,600 00 

Eastern Railroad bonds, 21,000 00 11,130 00 

Columbian National Bank stock, . . . 5,000 00 6,812 00 

Merchants' National Bank stock, . . . 10,000 00 13,200 00 

State National Bank stock, .... 10,000 00 10,900 00 

Eleventh Ward National Bank stock (cost), . - 13,769 58 



$76,000 00 $87,461 58 



144 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Summary of Assets, Dec. 31, 1877. 



Cost value of unencumbered real estate, . 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, . 

deposited in the Merchants' Nat'l Bank 
Premiums in course of collection (gross), 
Bills receivable, ..... 
Premiums more than 3 months due, $292 39 
Gross Assets, ...... 



$27,505 15 

176,337 98 

8,883 17 

87,461 58 

864 63 

6,547 34 

3,398 24 

13,113 45 



$324,111 54 



Liabilities. 

Unearned premiums on outstanding risks, . $41,679 55 
Commissions and brokerage, . . . . 252 48 

Return premiums, .... $74 52 



Re-insurance, . 



120 47 



194 99 

Gross Liabilities except Capital, . . 42,127 02 



Surplus as regards Policy-holders, $281,984 52 

Paid-up Capital, 200,000 00 



Surplus over Capital, 



$81,984 52 



Income. 

Cash received for fire premiums, . . . $49,512 19 
Deduct re-insurance, rebate, and return prem's, 5,814 25 

Net cash received for fire premiums, . . 

Interest received on bonds and mortgages, .... 
Interest and dividends received from all other sources, 



$43,697 94 
13,261 29 

4,785 20 



Gross Cash Income, $61,744 43 



Expenditures. 

Cash paid for fire losses, $21,709 11 

Deduct salvage and re-insurance, . . . 640 49 

Net cash paid for fire losses, . 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 

Gross Cash Expenditures, .... 



$21,0£8 62 

20,000 00 

3,763 03 

11,315 78 

3,575 45 

5,319 11 

$65,041 99 



* Total value of property mortgaged, 
Amount of insurance held as collateral, 



$339,400 00 
114,019 00 



1877.] 



AND FIRE-MARINE INS. CO'S. 



145 



x Risks and Premiums. 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 



Net amount in force, 



58,821,381 00 
7,183,616 00 



Premiums. 

,617 31 
49,247 33 



$16,004,997 00 $148,864 64 
6,340,649 00 45,615 41 



1,664,348 00 $103,249 23 
331,467 00 4,210 87 



1,332,881 00 $99,038 36 



Miscellaneous. 



Premiums received from organization of company, 
Losses paid from organization of company, . 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Losses incurred during the year, .... 

Company's stock owned by directors, .... 



$323,890 73 
79,119 96 
80,000 00 
20,000 00 
21,709 11 
46,300 00 



PEESCOTT INSURANCE COMPANY, BOSTON. 

[Incorporated Dec. 27, 1872. Commenced business Jan. 15, 1873.] 
Paid-up Capital, $200,000. 

Franklin Greene, President. Secretary, Francis H. Stevens. 

Office, No. 56 Devonshire Street. 



Detailed Statement of Stocks, 



Worcester city bonds, 

Boston city bonds, . 

Cincinnati city bonds, . . 

Boston and Lowell Railroad bonds, 

624 shares Webster National Bank, 

112 

203 

50 

10 
100 
105 

47 
120 
100 
100 

10 



Atlas National Bank, 
Eliot National Bank, 
Central National Bank, . 
Eagle National Bank, 
Merchandise National Bank, 
Market National Bank, . 
New England National Bank, 
Tremont National Bank, 
Second National Bank, . 
Blackstone National Bank, 
Automatic Signal Telegraph Co. 



Bonds, Etc. 

Par value. 

$40,000 00 
10,000 00 
25,000 00 
25,000 00 
62,400 00 
11,200 00 
20,300 00 

5,000 00 

1,000 00 
10,000 00 
10,500 00 

4,700 00 
12,000 00 
10,000 00 
10,000 00 

1,000 00 



Market value. 

$40,000 00 
10,650 00 
25,000 00 
26,937 50 

63.024 00 
12,684 00 
22,330 00 

5,000 00 
1,080 00 

10.025 00 
11,130 00 

6,274 50 
12,930 00 
14,025 00 
10,437 50 

1,000 00 



19 



$258,100 00 $272,527 50 



146 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 

Securities held as collateral for cash loans : — 

Market value. Loaned thereon. 

15 shares Middlesex Co., . . . ' . $2,565 00 \ 

Atchison, Topeka, and Santa Fe' R.R. bonds, . 500 00 } ^-' UUU uu 

Conn, and Passumpsic River R.R. bonds, . 4,080 00 4,000 00 



$7,145 00 



1,000 00 



Summary of Assets, Dec. 31, 1877. 

Loans on mortgage of real estate (first liens*), $80,000 00 

Interest due or accrued thereon, . . . 1,981 01 

Stocks, bonds, etc., as per schedule, . . 272,527 50 

Loans on collateral security, as per schedule, . 6,000 00 

Cash in the office of the company, . . . 2,355 97 

deposited in Nat'l B'k of Commonw'lth, 18,958 15 

Interest due and accrued, .... 1,877 06 

Premiums in course of collection (gross), . 13,872 06 

Gross Assets, 



$397,571 75 



Liabilities. 

Losses adjusted, unpaid, .... 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, . 
Paid-up Capital, 



$3,135 94 
5,500 00 
1,000 00 

95,811 55 
2,080 28 



Surplus over Capital, 



- 107,527 77 

. $290,043 98 

. 200,000 00 

. $90,043 98 



Income. 

Cash received for fire premiums, ... $161,469 32 
Deduct re-insurance, rebate, and return prem's, 20,758 74 

Net cash received for fire premiums, . . $140,710 58 

Interest received on bonds and mortgages, .... 5,196 67 

Interest and dividends received from all other sources, . 16,566 03 

Income from all other sources, 927 96 

Gross Cash Income, $163,401 24 

* Value of lands mortgaged $97,160 00 

Value of buildings thereon 45,000 00 

Total value of property mortgaged $142,160 00 

Amount of insurance held as collateral 44,000 00 



1877.] 



AND FIRE-MARINE INS. CO'S. 



147 



Expenditures. 

Cash paid for fire losses, $74,835 85 

Deduct salvage and re-insurance, . . . 2,828 22 

Net cash paid for fire losses, . 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

office, agency, and incidental expenses, 

Gross Cash Expenditures, 



$72,007 63 

20,000 00 

23,838 26 

9,812 49 

2,560 48 

12,099 20 

$140,318 06 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 



Eisks and Premiums. 

Premiums. 

$13,869,137 00 $189,731 33 
15,120,412 00 161,530 77 



Total, ..... 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



$28,989,549 00 $351,262 10 
13,930,989 00 156,093 84 



$15,058,560 00 $195,168 26 
161,479 00 1,866 02 



$14,897,081 00 $193,302 24 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Losses incurred during the year, . ... 

Company's stock owned by directors, .... 



$700,583 71 

254,360 62 

70,000 00 

20,000 00 

79,850 06 

118,900 00 



REVERE FIRE INSURANCE COMPANY, BOSTON. 

[Incorporated May 3, 1875. Commenced May 6, 1875.] 
Paid-up Capital, $200,000. 

Joseph H. Wellman, President. Secretary, John W. Belches. 

Office, No. 48 Congress Street, 

Detailed Statement of Stocks, Bonds, Etc. 



United States 5-20 bonds, 
87 shares Metropolitan National Bank, . 
50 " Tremont National Bank, 
26 " Second National Bank, . 



Par value. Market value. 

$50,000 00 $52,037 50 

8,700 00 8,004 00 

5,000 00 5,450 00 

2,600 00 3,666 00 



148 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



50 shares Third National Bank, 

50 ' ' Boston National Bank, . 

50 " Boylston National Bank, 

52 " Blackstone National Bank, 

15 " Eagle National Bank, 

20 " Mt. Vernon National Bank, . 

38 " Everett National Bank, . . . 

75 " National Bank of the Republic, 

63 " National Bank of Redemption, 

100 " Old Colony Railroad,' . 
30 " Norwich and Worcester Railroad, 
50 " Merchandise National Bank, . 

Cheshire Railroad bonds, 
20 shares E. & T. Fairbanks & Co. stock, 

South Boston Gas-Light Company notes, 



15,000 00 

5,000 00 

5,000 00 

5,200 00 

1,500 00 

2,000 00 

3,800 00 

7,500 00 

6,300 00 

10,000 00 

3,000 00 

5,000 00 

15,000 00 

10,000 00 

10,000 00 



$5,150 00 

5,650 00 

5,900 00 

5,512 00 

1,620 00 

2,260 00 

4,180 00 

9,900 00 

8,253 00 

9,450 00 

3,780 00 

5,050 00 

15,000 00 

11,000 00 

10,000 00 



$160,600 00 $171,862 50 



Securities held as collateral for cash loans : — 

15 shares Broadway National Bank, 
10 " Chicago, Burl., and Quincy Railroad, 
50 " Metropolitan Horse-Railroad, . 
United States bond, ..... 



Market value. .Loaned thereon. 



$1,200 00 


$200 00 


1,010 


00 


250 00 


3,050 
1,100 


00) 

00) 


2,600 00 



,360 00 $3,050 00 



Summary of Assets, Dec. 

Loans on mortgage of real estate (first liens *) , 

Interest due or accrued thereon, 

Stocks, bonds, etc., as per schedule, 

Loans on collateral security, as per schedule, 

Cash in the office of the company, . 

deposited in Everett National Bank, 
Interest due and accrued, 
Premiums in course of collection (gross), 
Gross Assets, . .- . . 



31, 1877. 

$67,000 00 

1,529 44 

171,862 50 

3,050 00 

1,628 11 

12,320 83 

898 61 

15,951 01 



$274,243 50 



Liabilities. 

Losses adjusted, unpaid, .... $264 98 

disputed or resisted, .... 1,500 00 

Unearned premiums on outstanding risks, . 59,512 06 



* Value of lands mortgaged $32,200 00 

Value of buildings thereon 81,800 00 

Total value of property mortgaged, $114,000 00 

Amount of insurance held as collateral 64,500 00 



1877.] 



AND FIRE-MARINE INS. CO'S. 



149 



Due and accrued for rent, salaries, etc., . 
Commissions and brokerage, . 

Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, . 
Paid-up Capital, . . . 



Surplus over Capital, 



U,187 50 
2,393 10 



,857 64 



. $209,385 86 
. 200,000 00 



1,385 86 



Income. 

Cash received for fire premiums, . . . $101,894 90 
Deduct re-ins., rebate, and return premiums, . 11,929 02 

Net cash received for fire premiums, . . 

Interest received on bonds and mortgages, .... 
Interest and dividends received from all other sources, 



,965 88 
4,575 10 
8,378 67 



Gross Cash Income, $102,919 65 



Expenditures. 
Cash paid for fire losses, ..... $41,660 39 
Deduct salvage and re-insurance, ... 20 84 

Net cash paid for fire losses, ... 
Cash dividends paid, .... 

paid for commissions and brokerage, 

paid for salaries of officers and employees, . 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 

Gross Cash Expenditures, . . 



$41,639 55 
10,000 00 
17,188 03 
11,024 84 
4,166 50 
11,625 87 

$95,644 79 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 



Risks and Premiums. 

Premiums. 

$6,375,389 00 $78,260 37 
10,537,211 00 '106,223 38 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount re-insured, 

Net amount in force, 



$16,912,600 00 $184,483 75 
7,699,221 00 73,013 51 



1,213,379 00 $111,470 24 
178,939 00 2,278 48 



• ,034,440 00 $109,191 76 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (5 per cent) , . 
Losses incurred during the year, ..... 
Company's stock owned by directors, .... 



$204,364 30 
52,645 57 
10,000 00 
10,000 00 
43,418 92 
28,400 00 



150 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 

SALEM MARINE INSURANCE COMPANY, SALEM. 

[Incorporated Feb. 6, 1856. Commenced business Feb. 7, 1857.] 
Paid-up Capital, $100,000. 

William Northey, President. Secretary, F. P. Richardson. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds, .... 
Burlington and Missouri Railroad bonds, 
Cedar Rapids and Mo. River Railroad bonds, 
Vt. Central and Vt. and Canada Rail'd bonds 
Cleveland city bonds, 7s, 
Providence city (gold) bonds, 5s, . 
Cambridge city bonds, .... 
Odgensburg and Lake Champlain R. R. bonds 
30 shares Mercantile National Bank, Salem, 



81 

73 

98 

100 

93 

100 

100 

100 

51 

30 

16 

21 



Merchants' National Bank, Salem, 
Exchange National Bank, Salem, 
First National Bank, Salem, . 
Naumkeag National Bank, Salem, 
North National Bank, Boston, 
Second National Bank, Boston, 
Webster National Bank, Boston, 
Bank of Commerce, Boston, . 
Atlantic National Bank, Boston, 
Merchants' National Bank, Boston 
Shawmut National Bank, Boston, 
Boston National Bank, Boston, 



Par value. 

135,000 00 

5,000 00 

5,000 00 

5,000 00 

10,000 00 

5,000 00 

10,000 00 

5,000 00 

3,000 00 

4,050 00 

7,300 00 

9,800 00 

10,000 00 

9,300 00 

10,000 00 

10,000 00 

10,000 00 

5,100 00 

3,000 00 

1,600 00 

2,100 00 



Market value. 

$36,775 00 

5,437 50 

5,062 50 

1,850 00 

10,787 50 

5,325 00 

11,200 00 

5,000 00 

3,540 00 

5,427 00 

8,614 00 

11,760 00 

15,000 00 

10,974 00 

14,025 00 

10,100 00 

10,600 00 

6,783 00 

3,960 00 

1,890 00 

2,315 25 



$165,250 00 $186,425 75 



Securities held as collateral for cash loans : — 

Burlington and Mo. R. R. land mortgage, 7%, 
Providence city (gold) bonds, 5s, . 
Lansing, Jackson, and Saginaw 1st mort. b'nd, 
Union Pacific (sinking fund) Railroad bond, . 
Cin., Sandusky, and Cleveland Railroad bond, 
100 shares Insurance Company of N. A. stock, 



Market value. '. 


loaned thereon. 


$6,592 50 * 




5,312 50 




935 00 


► $13,000 00 


912 50 




1,120 00., 




2,800 00 2,000 00 


$17,672 50 


$15,000 00 



Summary of Assets, Dec. 31, 1877. 

Stocks, bonds, etc., as per schedule, . . $186,425 75 
Loans on collateral security, as per schedule, . 15,000 00 



1877.] 



AND FIRE-MARINE INS. COS. 



151 



Cash in the office of the company, . 

deposited in various banks, 
Interest due and accrued, 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
Gross Assets 



$483 75 
37,219 62 

1,827 69 

1,096 00 
34,400 85 
$276,453 66 



Liabilities. 

Losses claimed and reported, . 

Less re-insurance, ..... 

Net amount of unpaid losses, 
Unearned premiums on outstanding risks, 
Dividends to stockholders, unpaid, . 
Due and accrued for rent, salaries, etc., . 
Commissions and brokerage, . 

Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, . 
Paid-up Capital, ... . . • 



$20,982 13 
4,052 13 

$16,930 00 

38,737 94 

604 00 

234 00 

574 00 



57,079 94 

. $219,373 72 
. 100,000 00 



Surplus over Capital, 



$119,373 72 



INCOME. 

Cash received for marine and inland premiums, $97,836 35 
Deduct re-insurance, rebate, and return prenrs, 8,382 07 

Net cash received for marine and inl'd prenrs, 

Interest and dividends received from all sources, . 



$89,454 28 
13,041 68 



Gross Cash Income, . . . ..... $102,495 96 



Expenditures- 

Cash paid for marine and inland losses, . 

Deduct salvage and re-insurance, 

Net cash paid for marine and inland losses, •'. 

Cash dividends paid, ..... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for office and incidental expenses, . 



$75,517 43 
4,096 25 



$71,421 18 

10,060 00 

3,S46 82 

3,112 00 

193 99 

1,595 66 



Gross Cash Expenditures, 



$90,229 65 



152 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Marine risks outstanding Dec. 31, 1876, 
written during 1877, . 



Risks and Premiums. 

Premiums. 

$1,134,678 00 $50,056 18 
3,450,601 00 73,332 48 



Total, . 
Deduct risks expired and terminated, 



£4,585,279 00 $123,388 66 
3,708,898 00 84,650 72 



In force at end of year, . 



$876,381 00 $38,737 94 



Miscellaneous. 



Premiums received from organization of company, 
Losses paid from organization of company, . 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent ), 

Losses incurred during the year, 

Company's stock owned by directors, .... 



$974,700 74 

721,795 63 

204,000 00 

10,000 00 

71,421 18 

13,000 00 



SHAWMUT INSURANCE COMPANY, BOSTON. 

[Incorporated July 29, 1875. Commenced business Sept. 23, 1875.] 
Paid-up Capital, $500,000. 

Wm. S. Denny, President. Secretary, U. C. Crosby. 

Office, Post-Office Square. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

$110,100 00 $116,833 50 
100,000 00 110,000 00 



United States bonds, . 

Massachusetts State registered bonds, 5s, gold, 

Boston City Water Loan, 5s, gold, . 

Newton City Water Loan, 6s, 

Fall River Water Loan, 5s, gold, 

Danvers City Water Loan, 5s, 

12 shares First National Bank, Chelsea, 
100 " Merchandise National Bank, Boston, 
100 " Manufacturers' Nat'l Bank, Boston, 

50 u Continental National Bank, Boston, 



100,000 00 
50,000 00 
40,000 00 
50,000 00 

1,200 00 
10,000 00 
10,000 00 

5,000 00 



109,500 00 

56,250 00 

41,700 00 

51,000 00 

1,320 00 

10,000 00 

9,962 50 

5,000 00 



$476,300 00 $511,566 00 



Summary of Assets, Dec. 31, 1877. 

Loans on mortgage of real estate (first liens*), $50,500 00 
Interest accrued thereon, .... 1,202 75 



* Value of lands mortgaged, $55,700 00 

Value of buildings thereon 52,800 00 

Total value of property mortgaged, ...... $108,500 00 

Amount of insurance held as collateral, ..... 30,500 00 



1877.] 



AND FIRE-MARINE INS. CO'S. 



153 



Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, . 
Cash deposited in Nat'l B'k of Commonwealth, 
Interest due and accrued, 
Premiums in course of collection (gross), 
Re-insurance premiums due, . 
Gross Assets, . 

Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, . 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., . 
Commissions and brokerage, . 

Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, . 
Paid-up Capital, . . 



Surplus over Capital, 



$511,566 00 

1,978 51 

9,695 37 

3,607 46 

33,189 21 

28,225 19 



$8,317 22 

4,219 00 

120,564 63 

300 00 

4,521 88 



$639,964 49 



137,922 73 

$502,041 76 
500,000 00 

$2,041 76 



Income. 
Cash received for fire premiums, . . . $289,070 12 
Deduct re-insurance, rebate, and return prem's, 28,376 48 

Net cash received for fire premiums, . . $260,693 64 

Interest received on bonds and mortgages, .... 1,759 50 
Interest and dividends received from all other sources, . . 28,353 34 



Gross Cash Income, ........ $290,806 48 



Expenditures. 
Cash paid for fire losses, 

paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 



Gross Cash Expenditures, 

Risks and Premiums. 



$139,717 19 
32,240 49 
19,793 23 
11,422 58 
15,526 16 



$218,699 65 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, ..... 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 
20 



$10,540,807 00 
29,444,620 00 

$39,985,427 00 
22,579,648 00 



$17,405,779 00 
64,413 00 



Premiums. 

$159,955 57 
289,070 .12 

$449,025 69 
219,078 83 

$229,946 86 
1,313 40 



$17,341,366 00 $228,633 46 



154 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Losses incurred during the year, . 
Company's stock owned by directors, 



$545,278 95 
208,345 01 
137,061 65 
136,500 00 



SHOE AND LEATHER INSURANCE COMPANY, BOSTON. 

[Incorporated Dec. 26, 1872. Commenced business Jan. 1, 1873.] 
Paid-up Capital, $300,000. 

John C. Abbott, President. Secretary, Henry B. White. 

Office, No. 52 Devonshire Street. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds, 
Boston and Albany R.R. bonds, 7s 
Eastern Railroad bonds, 3|-s, . 
Providence city, gold, 5s, 
Cambridge city bonds 1880, 6s, 
" " " 1883, 6s, 

Somerville city bonds, 6|s, 
Woburn town bonds, 6s, 
Brookline town bonds, 6s, 
253 shares Shawmut National Bank, 
250 u National Bank of the Republic, 
100 " Merchandise National Bank, 
200 ' ' Hamilton National Bank, 
100 " Second National Bank, . 

31 " Atlantic National Bank, 
117 " Tremont National Bank, 

54 " National Bank of Redemption 
167 " Blackstone National Bank, 

47 " Atlas National Bank, 

62 " Merchants' National Bank, 



Par value. 

$150,000 00 
25,000 00 
21,000 00 
25,000 00 
10,000 00 
30,000 00 
21,500 00 
30,000 00 

8,000 00 
25,300 00 
25,000 00 
10,000 00 
20,000 00 
10,000 00 

3,100 00 
11,700 00 

5,400 00 
16,700 00 

4,700 00 

6,200 00 



Market value. 

$156,162 50 
28,875 00 
11,130 00 
26,625 00 
10,300 00 
31,800 00 
22,252 50 
30,750 00 

8,000 00 
29,885 62 
32,875 00 
10,025 00 
22,600 00 
14,025 00 

4,123 00 
12,606 75 

7,033 50 
17,430 62 

5,322 75 

8,184 00 



$458,600 00 $490,006 24 



Summary of Assets, Dec. 31, 1877. 

Loans on mortgage of real estate (first liens *), $45,000 00 
Interest accrued thereon, .... 978 34 



* Value of lands mortgaged, . $40,000 00 

Value of buildings thereon 50,000 00 

Total value of property mortgaged, $90,000 00 

Amount of insurance held as collateral, 43,000 00 



1877.] 



AND FIRE-MARINE INS. CCTS. 



155 



Stocks, bonds, etc., as per schedule, . . $190,006 24 

Cash in the office of the company, . . . 2,790 57 

deposited in various banks, . . . 30,845 91 

Interest due and accrued, . . ... 5,378 22 

Premiums in course of collection (gross), . 19,525 58 

Notes taken for marine and inland risks, . 73,226 26 
Premiums more than 3 mo's due, $3,142 89 

Gross Assets, 



$673,751 12 



Liabilities. 

Losses claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks 
Commissions and brokerage, . 

Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, 
Paid-up Capital, 



Surplus over Capital, 



Income 

Cash received for fire premiums, . . . $135,814 27 
Deduct re-insurance, rebate, and return prem's, 3,047 89 

Net cash received for fire premiums, . . 

Cash received for marine and inland prem's, . $118,211 21 
Deduct re-insurance, rebate, and return prem's, 6,740 87 

Net cash received for marine and inl'd prem's, 

Unpaid premium notes rec'd during the year, . 
Interest received on bonds and mortgages, 



$32,474 08 
3,100 00 

174,733 98 
1,043 81 



- 211,351 87 

. $462,399 25 
. 300,000 00 



$73,976 26 
Interest and dividends received from all other sources, . 



2,399 25 



Gross Cash Income, 



$132,766 38 



111,470 34 

2,100 00 

27,552 57 

$273,889 29 



Expenditures. 



Cash paid for fire losses, . . ... 

paid for marine and inland losses, . 

Deduct salvage and re-insurance, . 

Net cash paid for marine and inland losses, 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees 

for State and local taxes, 

for rent and agency expenses, . 



$52,175 68 
4,780 01 



$65,087 43 



47,395 67 
30,000 00 
27,326 74 
14,180 00 
3,901 33 
12,745 12 



Gross Cash Expenditures, 



$200,636 29 



156 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 



Risks and Premiums. 

Premiums. 

$14,263,341 00 $200,473 17 
13,755,806 00 149,811 lu 



Total, ..... 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 

Marine risks outstanding Dec. 31, 1876, 
written during 1877, . 

Total, ..... 
Deduct risks expired and terminated, 

In force at end of year, . 



28,019,147 00 $350,284 27 
12,783,523 00 147,993 71 



115,235,624 00 $202,290 56 
75,712 00 822 51 



$15,159,912 00 $201,468 05 

$1,269,815 00 $81,802 28 
5,078,852 00 117,574 22 



16,348,667 00 $199,376 50 
4,719,204 00 123,312 59 



,629,463 00 $76,063 91 



Miscellaneous. 

Premiums received from organization of company, . . $1,134,575 64 

Losses paid from organization of company, . . . 421,238 01 

Cash dividends declared from organization of company, 120,000 00 

Dividends declared during the year (10 per cent.), . 30,000 00 

Losses incurred during the year, . . ... 134,383 45 

Company's stock owned by directors, .... 52,800 00 



SPRINGFIELD FIRE AND MARINE INSURANCE COMPANY, 

SPRINGFIELD. 

[Incorporated 1849. Commenced business 1851.] 

Paid-up Capital, $750,000. 



D wight R. Smith, President. 



Secretary, Sanford J. Hall. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

$100,000 00 $119,000 00 
50,000 00 61,500 00 



United States registered bonds, 
500 shares Boston and Albany Railroad, 



500 " Boston and Providence Railroad, 

500 u Connecticut River Railroad, 

45 " Worcester and Nashua Railroad, 

1000 " New York, N.H., and Hart. R.R., 

500 " N.Y. Central and H. R. Railroad, 

1000 " New York and Harlem Railroad,'. 



50,000 00 
50,000 00 
4,500 00 
100,000 00 
50,000 00 
50,000 00 



55,500 00 
63,000 00 
1,800 00 
150,000 00 
53,000 00 
70,000 00 



1877.] 



AND FIRE-MARINE INS. COS. 



157 



1000 shares Phila., Wil., and Bait. Railroad, . 
100 " Agawam Nat'l Bank, Springfield, 
50 « ' John Hancock Nat'l B'k, Sp'gfield, 
104 " Chicopee Nat'l Bank, Springfield, 
80 " Pynchon Nat'l Bank, Springfield, 
24 " Second Nat'l Bank, Springfield, . 
200 " Third National Bank, Springfield, 
100 " Ware National Bank, Ware, 
34 " First National Bank, Northampton, 
10 " Monson National Bank, Monson, . 
100 " Merchants' National Bank, Boston, 
100 " Atlas National Bank, Boston, 
100 " Howard National Bank, Boston, . 
100 " Webster National Bank, Boston, . 
150 " Boylston National Bank, Boston, . 
100 " Eliot National Bank, Boston, 
100 " Nat'l Bank of Commerce, Boston, 
50 " Nat'l Bank of Commerce, N.Y., . 
Borne, Watertown, and Ogdensb'gR.R. bonds, 
Morris and Essex Railroad bonds, . 
New York and Harlem Railroad bonds, . 



$50,000 00 

10,000 00 

5,000 00 

10,400 00 

8,000 00 

2,400 00 

20,000 00 

10,000 00 

3,400 00 

1,000 00 

10,000 00 

10,000 00 

10,000 00 

10,000 00 

15,000 00 

10,000 00 

10,000 00 

5,000 00 

1,700 00 

8,000 00 

10,000 00 



$01,000 00 

12,500 00 

6,500 00 

16,640 00 

12,960 00 

4,320 00 

32,000 00 

12,500 00 

4,250 00 

1,100 00 

13,200 00 

11,300 00 

11,200 00 

10,200 00 

18,000 00 

11,000 00 

10,600 00 

6,250 00 

1,700 00 

9,280 00 

11,600 00 



$674,400 00 $851,900 00 



Securities held as collateral for cash loans : '■ — 



10 shares New York, N.H., and Hart. R.R., 
20 " Agawam Nat'l Bank, Springfield, 

3 bonds, U.S. 6 per cent coupon, . 
20 shares Second National Bank, Springfield 

8 " Chicopee Nat'l Bank, Springfield, 
10 " Third National Bank, Springfield, 
24 " Springfield Gas-Light Company, 

9 " Glasgow Company, So. Hadley Falls 
3 " Agawam Nat'l Bank, Springfield, 

35 " Westfield Gas-Light Co., Westfield 
75 " Massasoit Paper Manufacturing Co. 
10 " Agawam Nat'l Bank, Springfield, 



Market value. 

$1,500 00 
2,500 00 
2,100 00 
3,600 00 
1,280 00 
1,600 00 
3,600 00 
900 00 
375 00 
3,500 00 
9,000 00 
1,250 00 



Loaned thereon. 

$1,000 00 

2,275 00 

2,000 00 

1,500 00 

1,140 00 

900 00 



J 



6,355 71 

7,000 00 
1,000 00 



$31,205 00 $23,170 71 



Summary of Assets, Dec. 31, 1877. 

Cash value of unencumbered real estate, . $134,900 00 

Loans on mortgage of real estate (first liens*), 394,599 55 



* Value of lands mortgaged, 
Value of buildings thereon, 



Total value of property mortgaged, 
Amount of insurance held as collateral, 



$264,500 00 
522,500 00 

$787,000 00 
359,350 00 



158 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 

deposited in various banks, 
Interest due and accrued, 
Premiums in course of collection (gross) , 
Rents due and accrued, .... 
Gross Assets, 

Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, . . . 
Less re-insurance, ..... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, . 
Paid-up Capital, . . . . 



$12,546 38 

851,900 00 

23,170 71 

9,439 89 

95,952 88 

17,112 04 

95,095 74 

1,312 52 



-$1,636,029 71 



22,215 45 

39,739 88 
8,082 98 

$70,038 31 
1,700 00 



5,338 31 
513,787 09 
14,264 35 



- 596,389 75 

$1,039,639 96 
. 750,000 00 



Surplus over Capital, 



$289,639 96 



Income. 

Cash received for fire premiums, . . . $825,854 36 
Deduct re-ins. , .rebate, and return premiums, . 89,035 94 

Net cash received for fire premiums, . . 

Interest received on bonds and mortgages, .... 
Interest and dividends received from all other sources, . 
Income from rents, 



Gross Cash Income, 



$736,818 42 

33,491 30 

50,990 18 

3,255 03 

$824,554 93 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and re-insurance, . 

Net cash paid for fire losses, . 

Cash dividends paid, .... 

paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 



$360,946 19 
9,501 20 



$351,444 99 
75,000 00 

113,219 30 
37,286 17 

*23,299 86 
70,533 09 



Gross Cash Expenditures, 



$670,783 41 



1877.] AND FIRE-MARINE INS. CO'S. 159 

Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1876, . $69,021,634 00 $868,995 61 
written during 1877, . . 71,367,287 00 800,717 41 



Total, k $140,388,92100$1,669,713 02 

Deduct risks expired and terminated, . 59,024,130 00 677,838 45 



In force at end of year, . 



,364,791 00 $991,874 57 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 

Losses incurred during the year, 

Company's stock owned by directors, .... 



$9,611,618 81 
. 6,530,359 54 
. 1,167,042 00 
. 75,000 00 

. 363,081 87 
. 186,100 00 



TRADERS AND MECHANICS' INSURANCE COMPANY, LOWELL. 

[Incorporated June, 1848. Commenced business June, 1848.] 
Paid-up Capital, $100,000. 

Levi Sprague, President. Secretary, E. M. Tucke. 



Detailed Statement of Stocks, 



United States bonds, 

Boston and Lowell Railroad bonds, 

Cook county (111.) bonds, 

Boston city bonds, . 

10 shares Stony Brook Railroad, 

14 

34 

2 

7 

5 
20 

2 

20 
4 



Personal loan, 



Boston and Lowell Railroad, 
Prescott National Bank, . 
Merrimack Manufacturing Company 
Massachusetts Manufacturing Co., 
Lowell Manufacturing Company, 
Bates Manufacturing Company, 
Appleton Manufacturing Company, 
Hill Manufacturing Company, . 
Hamilton Manufacturing Company, 



Bonds, Etc. 

Par value. 

$20,000 00 
10,000 00 
2,500 00 
5,000 00 
1,000 00 
7,000 00 
3,400 00 
2,000 00 
7,000 00 
3,450 00 
2,000 00 
2,000 00 
2,000 00 
4,000 00 



Market value. 

$21,500 00 
10,700 00 
2,650 00 
5,600 00 
1,000 00 
4,900 00 
4,760 00 
2,650 00 
7,175 00 
2,875 00 
1,600 00 
1,600 00 
1,500 00 
3,740 00 
2,500 00 



$74,750 00 



160 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Securities held as collateral for cash loans : — 



17 shares Boston and Lowell Railroad, 
Essex, Illinois, bonds, 
Nebraska bonds (Lancaster) , . 
Lowell Five Cent Savings Bank book, 
40 shares Boston and Lowell Railroad, 
70 " Nashua and Lowell Railroad, 
40 " Essex Company, 



Market value. Loaned thereon. 

$5,900 00 $5,000 00 

2,000 001 

5,000 00 j, 5,000 00 

1,000 00 j 

14,000 00 5,500 00 

6,650 00 5,000 00 

6,750 00 1,000 00 



$41,300 00 $21,500 00 



Summary of Assets, Dec. 31, 1877. 

Cash value of unencumbered real estate, . $4,500 00 

Loans on mortgage of real estate (first liens), 59,250 00 

Stocks, bonds, etc., as per schedule, . . , 74,750 00 

Loans on collateral security, as per schedule, . 21,500 00 

Cash deposited in Prescott National Bank, . 6,352 04 

Interest due and accrued, . . . . 1,133 23 

Premiums in course of collection (net), . . 896 98 

Gross Assets, .' . . . . $168,382 25 



Liabilities. 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, . 
Paid-up Capital, ..... 



$2,500 00 
26,877 33 



Surplus over Capital, 

Income. 

Cash received for fire premiums, . . . $30,752,24 
Deduct re-insurance, rebate, and return prem's, 792 92 

Net cash received for fire premiums, . . 

Interest and dividends received from all sources, . 

Gross Cash Income, 



29,377 33 



. $139,004 92 
. 100,000 00 



$39,004 92 



,959 32 
8,983 93 

,943 25 



Expenditures. 

Cash paid for fire losses, .... 

dividends paid, ..... 
paid for commissions and brokerage, 
paid for salaries of officers and employees, 
paid for State and local taxes, . 

Gross Cash Expenditures, 



$19,824 00 
8,000 00 
4,041 29 
3,775 33 
1,390 32 

$37,030 94 



1877.] 



AND FIRE-MARINE INS. CO'S. 



161 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, ..... 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



$3,646,004 00 
. 2,510,693 00 

$6,156,697 00 
. 2,546,570 00 

$3,610,127 00 
2,600 00 



Premiums. 

$56,725 60 
30,432 88 

$87,158 48 
33,403 81 

$53,754 67 
32 50 



$3,607,527 00 $53,722 17 



Miscellaneous. 

Cash dividends declared from organization of company, . $148,500 00 

Dividends declared during the year (8 per cent.), . . . 8,000 00 

Losses incurred during the year, 19,824 00 

Comapny's stock owned by directors, . . ... 5,300 00 



WASHINGTON FIRE AND MARINE INSURANCE COMPANY, 

BOSTON. 

[Incorporated Dec. 31, 1872. Commenced business Jan. 1, 1873.] 
Paid-up Capital, $400,000. 

Isaac Sweetser, President. Secretary, Benjamin Sweetser. 

Office, No. 38 State Street. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

$105,000 00 $108,713 00 
45,200 00 61,811 00 



United States gold bonds, 

452 shares Columbian National Bank, 



25 " Continental National Bank, . 
100 " Hamilton National Bank, 
150 " Merchants' National Bank, . 
120 " National City Bank, 
109 " National Eagle Bank, 
100 " National Bank of Commerce, . 

31 " National Hide and Leather Bank, 
100 " National Revere Bank, . 

74 " State National Bank, 

18 " Suffolk National Bank, . 
100 " Merchandise National Bank, . 

15 " Washington National Bank, . 

40 " Norwich and Worcester Railroad, 
Chicago, Burlington, and Quincy R.R. bonds, 
Union Pacific R.R. 1st mortgage bonds, . 
21 



2,500 00 

10,000 00 

15,000 00 

12,000 00 

10,900 00 

10,000 00 

3,100 00 

10,000 00 

7,400 00 

1,800 00 

10,000 00 

1,500 00 

4,000 00 

20,000 00 

20,000 00 



2,503 00 

11,300 00 

19,800 00 

13,860 00 

11,772 00 

10,600 00 

3,317 00 

10,875 00 

8,066 00 

2,124 00 

10,025 00 

1,976 00 

5,060 00 

21,875 00 

20,875 00 



162 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 



Cedar Rapids and Mo. River R.R. bonds, 
Old Colony Railroad bonds, . 
Eastern Railroad bonds, . 
Boston city bonds, .... 
10 shares Boston Gas-Light Company, 
Corporation notes, .... 
Personal loan, .... 



Securities held as collateral for cash loans : 

10 shares Commercial Wharf Company, 
320 " Indian Orchard Mills, . 
88 " Ames Manufacturing Company, 
20 " N. E. Mutual Insurance Co., . 
20 " Boylston Mutual Insurance Co., 
25 " Washington Insurance Company, 
9 " Revere Insurance Company, . 
800 " Union Pacific Railroad, . 
Rutland Railroad 1st mortgage bonds, . 



$5,000 00 

20,000 00 

62,500 00 

110,000 00 

5,000 00 



$5,062 00 

22,050 00 

33,125 00 

121,575 00 

8,100 00 

1,000 00 

50 00 



$190,900 00 $518,514 00 



Market value. Loaned thereon. 

$25,000 00 $10,000 00 
32,000 00 
30,800 00 
1,800 00 1 
2,550 00 ' 
3,625 00 
810 00 



25,000 00 
20,000 00 

7,000 00 



19,500 00 
4,800 00 



16,986 78 



$120,885 00 $78,986 78 



Summary of Assets, Dec. 31, 1877. 



Loans on mortgage of real estate (first liens *), 

Interest accrued thereon, 

Stocks, bonds, etc., as per schedule, 

Loans on collateral security, as per schedule, 

Cash in the office of the company, . 

deposited in Columbian National Bank, 
Interest due and accrued, 
Premiums in course of collection (gross), 
Notes taken for marine and iuland risks, 
Gross Assets, ..... 

Liabilities. 

Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
Due for borrowed money, 
Commissions and brokerage, . 

Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, 
Paid-up Capital, .... 

Surplus over Capital, 



$89,000 00 

1,783 81 

518,514 00 

78,986 78 

4,014 86 

7,719 17 

2,317 61 

8,945 03 

97,748 77 



$43,050 00 

147,254 34 

15,000 00 

1,461 66 



$809,030 03 



206,766 00 

$602,264 03 
400,000 00 

$202,264 03 



* Value of lands mortgaged, . 
Value of buildings thereon, 



Total value of property mortgaged, . 
Amount of insurance held as collateral, 



$81,200 00 
158,200 00 

$239,400 00 
90,000 00 



1877.] 



AND FIRE-MARINE INS. CO'S. 



163 



Income. 

Cash received for fire premiums, . . . $95,762 52 
Deduct re-insurance, rebate, and return prem's, 7,832 06 

Net cash received for fire premiums, . . 

Cash received for marine and inland prem's, . $150,058 94 
Deduct re-insurance, rebate, and return prem's, 17,122 32 

Net cash received for marine and inl'd prem's, 

Unpaid premium notes rec'd during the year, . $69,120 79 
Interest received on bonds and mortgages, .... 
Interest and dividends received from all other sources, 

Gross Cash Income, . 



$87,930 46 



132,936 62 

6,355 00 
31,092 76 

$258,314 84 



Expenditures. 

Cash paid for fire losses, $62,259 40 

Deduct salvage and re-insurance, . . . 2,026 84 

Net cash paid for fire losses, .... 

Cash paid for marine and inland losses, . . $143,639 23 
Deduct salvage and re-insurance, . . . 268 27 

Net cash paid for marine and inland losses, . 

Cash dividends paid, ...... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for office, agency, and incidental expenses, 

Gross Cash Expenditures, .... 



$60,232 56 



143,370 96 
40,000 00 
15,949 86 
16,675 00 
7,178 55 
11,440 26 

$294,847 19 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 

Marine risks outstanding Dec. 31, 1876, 
written during 1877, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 



$10,901,665 00 
10,861,052 00 

$21,762,717 00 
11,724,732 00 

$10,037,985 00 
32,000 00 



Premiums. 

$145,365 18 
95,481 76 

$240,846 94 
115,371 26 

$125,475 68 
450 85 



$10,005,985 00 $125,024 83 



$4,071,841 00 
6,576,407 00 

$10,648,248 00 
7,223,550 00 



$117,600 13 
105,497 66 



223,097 79 
132,624 77 



$3,424,698 00 $90,473 02 



164 MASS. JOINT-STOCK FIRE, MARINE, [Dec. 31, 

Miscellaneous. 

Premiums received from organization of company, . . $1,558,770 45 

Losses paid from organization of company, .... 800,811 72 

Cash dividends declared from organization of company, . 120,000 00 

Dividends declared during the year (10 per cent.), . . 40,000 00 

Losses incurred during the year, 170,927 00 

Company's stock owned by directors, 67,800 00 



1877.] 



AND FIRE-MARINE INS. COS. 



165 



AGGREGATE. 



Capital Stock. 
Whole amount of outstanding capital, actually paid up 
in cash, 



Gross present Assets, 



Assets. 



Liabilities. 
Gross present Liabilities, 



. Income. 

Cash actually received for fire premiums, 

for marine premiums, 
for interest and dividends from all sources, 
from all other sources, .... 

Gross Cash Income, .... 



Expenditures. 

Cash actually paid during the year for fire losses, . 

for marine losses, 
for dividends to stockholders, 
for brokerage and commissions on premiums, 
for salaries and pay of ofiicers and employees, 
for State and local taxes, .... 
for office, agency, and incidental expenses, . 

Gross Cash Expenditures, .... 



Miscellaneous. 
Whole amount of fire risks written during the year, 
premiums charged or receivable thereon, 
marine risks written during the year, . 
premiums charged or receivable thereon, 
fire risks terminated during the year, . 
marine risks terminated during the year, 
fire risks outstanding at end of year, 
marine risks outstanding at end of year, 
unpaid premium notes received during the year, 
cash dividends declared during the year, 
losses incurred during the year, 



$7,217,000 00 



$13,195,886 00 



$3,613,256 00 



$2,852,365 00 

1,533,157 00 

590,320 00 

18,392 00 



$4,994,234 00 



51,543,169 00 
1,414,206 00 

561,635 00 

484,027 00 

357,526 

133,167 

292,659 



00 
00 
00 



$4,786,389 00 



$310,146,240 00 

3,174,786 00 

90,545,295 00 

1,543,340 00 

258,684,101 00 

92,065,610 00 

326,913,284 00 

30,446,568 00 

308,527 00 

558,000 00 

2,910,221 00 



FIRE, MARINE, AND FIRE-MARINE 
INSURANCE COMPANIES 

OF OTHER STATES. 



Detailed Statements of Assets and Liabilities, with Abstract 

of Annual Statements for the Year ending 

Dec. 31, 1877. 



168 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



DETAILED STATEMENT OF ASSETS AND LIABILITIES. 



J3TNA INSURANCE COMPANY, HARTFORD, CONN. 

[Incorporated June, 1819. Commenced business Aug. 19, 1819.] 

Lucius J. Hendee, President. Secretary, Jotham Goodnow. 

Paid-up Capital, $3,000,000. 
Attorney to accept service, A. J. Mercer, Boston. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds, 
Alabama State bonds, 8s, 
Canada Dominion stock, 6s, . 
Connecticut State bonds, 6s, . 
Indiana State bonds, 6s, 
New Hampshire State bonds, 6s, 
Rhode Island State bonds, 6s, 
South Carolina State bonds, 6s, 
Tennessee State bonds, 6s, . . 
Hudson county, N.J., bonds, 6s, 
Barkhamsted, Conn., town bonds, 6s, 
Hartford, Conn., town bonds, 6s, 
Norwich, Conn., town bonds, 7s, 
Norfolk, Conn., town bonds, 6s, 
Danbury, Conn., town bonds, 6s, 
Pawtucket, R.I., town bonds, 7s, 
Windsor Locks, Conn., town bonds, 6s, 
Bloomington, 111. , city bonds, 8s, 
Boston, Mass., city bonds, 6s, 
Brooklyn, N.Y., city bonds, 6s, 
Buffalo, N.Y. , city bonds, 7s, 
Cleveland, O., city bonds, 6s, . 
Cleveland, O., cit} 7 bonds, 7s, . 
Cincinnati, O., city water bonds, 7s, 
Chicago, 111., city bonds, 7s, . 
Detroit, Mich., city bonds, 7s, 
Hartford, Conn., city bonds, 6s, 
Indianapolis, Ind., city bonds, 7 3-10s, 



Par value. 

$200,000 00 
10,000 00 
5,070 69 
74,500 00 
50,000 00 
50,000 00 
91,000 00 
20,000 00 
31,000 00 
25,000 00 
17,000 00 
66,000 00 

100,000 00 
26,000 00 
55,000 00 

100,000 00 
24,000 00 
20,000 00 
50,000 00 
25,000 00 
50,000 00 
39,000 00 
80,000 00 
50,000 00 
50,000 00 
30,000 00 

128,000 00 
50,000 00 



Market value. 

$225,500 00 

4,000 00 

5,070 69 

80,460 00 

51,500 00 

54,000 00 

98,280 00 

8,000 00 

10,850 00 

25,500 00 

17,000 00 

69,300 00 

115,000 00 
26,780 00 
56,650 00 

115,000 00 
25,200 00 
21,600 00 
56,000 00 
27,000 00 
55,000 00 
40,170 00 
89,600 00 
55,000 00 
54,500 00 
33,600 00 

136,960 00 
54,000 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



169 



Ironton, O., city bonds, 8s, 
Jersey City, N.J., city bonds, 6s, . 
Lockport, N.Y., city bonds, 7s, 
Minneapolis, Minn., city bonds, 10s, 
Montreal, Canada, corporation stock, 6s 
" " " bonds, 6s 

Newark, N.J., city bonds, 7s, 
New Brunswick, N.J., city bonds, 7s, 
New York city stock, 6s, 
Pontiac, 111., city bonds, 10s, . 
Rahway, N.J., city bonds, 7s, 
Titusville, Penn., city, bonds, 8s and 10s 
Toledo, O., city special bonds, 7 3-10s, 

" city water bonds, 8s, . 

East School District bonds, Vernon, Conn., 6s 
West School District bonds, Vernon, Conn., 6s 
Sch. Dist., No. 24, Town Woodbridge, N.J.,7s 
Atlantic Dock Co. bonds, 7s, . 
Albany and Susq. R.R. 2d mort. bonds, 7s, 
Cleve., Col., Cinn., & In'ap's R.R. bonds, 7s 
Cleve., Painesville, and A. R.R. bonds, 7s, 
Cleve. and Toledo R.R. Gen. S. F. bonds, 7s 
Chic, Burl., and Q. R.R. S. F. bonds, 8s, 
Chic, and N.-western R.R. bonds, 7s, . 
Cin., Ham., and D. R.R. mort. bonds, 7s, 
Col. and Xenia R.R. mort. bonds, 7s, 
Dayton and Western R.R. mort. bonds, 6s, 
Harlem River and P. Chester R.R. bonds, 7s 
Harlem River and P. Chester R.R. bonds, 6s 
Hart., Prov. and FishkillR.R. mort. bonds, 7s 
Housatonic R.R. 1st mort. bonds, 6s, 
Indianapolis and Cin. R.R. mort. bonds, 7s, 
Joliet and Chic. R.R. 1st S. F. mort. bonds, 8s 
Keokuk and D. M. R.R. 1st mort. bonds, 7s 

" " " " funded int., 8s, 
Lake Shore R.R. mort. bonds, 7s, . 

" " and Mich. S. R.R. b'ds, 7s, 
Little Miami R.R. mort. bonds, 6s, 
Mich. Central R.R. 2d mort. bonds, 7s, 
Mich. S. and N. Ind. R.R. gen. mort. b'ds, 7s 
Morris and Essex R.R. 2d mort. bonds, 7s, 

" " "1st consol. b'ds, 7s, 

N. J. R.R. and Trans. Co. mort. bonds, 6s, 
New York Central R.R. bonds, 6s, 
N. Y. Cent and H. R. R.R. bonds, 7s, . 
Pitts., Ft. Wayne and C. R.R. bonds, 7s, 
Pitts., Ft. Wayne, and C. R.R. 2d m. bd's, 7s, 
Atlantic Mutual Insurance Company scrip, 

50 shares Connecticut River Company, 
22 



$10,000 00 
46,000 00 
25,000 00 
5,000 00 
13,000 00 
22,000 00 
50,000 00 
40,000 00 
71,000 00 
12,000 00 
45,000 00 
22,000 00 
13,000 00 
5,000 00 
12,000 00 
4,000 00 
20,000 00 
25,000 00 
50,000 00 
25,000 00 

100,000 00 
85,000 00 
30,000 00 
50,000 00 
50,000 00 
50,000 00 
25,000 00 

100,000 00 
50,000 00 
32,000 00 
50,000 00 
25,000 00 
18,000 00 
32,000 00 
4,500 00 
10,000 00 
12,000 00 
72,000 00 
50,000 00 
25,000 00 
25,000 00 
50,000 00 
50,000 00 
75,000 00 

100,000 00 

30,000 00 

50,000 00 

44,090 00 

5,000 00 



$10,500 00 
46,920 00 
26,250 00 
5,250 00 
14,300 00 
24,200 00 
55,000 00 
42,000 00 
73,130 00 
12,600 00 
45,900 00 
24,200 00 
13,260 00 
5,500 00 
12,000 00 
4,000 00 
21,000 00 
26,250 00 
48,000 00 
27,250 00 

105,000 00 
94,350 00 
34,800 00 
55,000 00 
50,000 00 
52,250 00 
20,000 00 

115,000 00 
54,000 00 
34,240 00 
52,500 00 
22,500 00 
20,160 00 
19200 00, 
3,150 00 
11,000 00 
13,440 00 
72,000 00 
52,500 00 
27,500 00 
26,500 00 
42,500 00 
51,000 00 
78,000 00 

122,000 00 

36,000 00 

57,000 00 

44,090 00 

1,000 00 



170 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



500 shares Albany and Susq. R.R. Co., . $50 

144 " Central Ohio Railroad Company, . 7 

1000 < < Cleveland and Pittsburg R.R. Co. , 50 

150 " Connecticut River Railroad Co., . 15 

250 " Dubuque and Sioux City R.R. Co., 25 

100 " Joliet and Chicago Railroad Co., . 10 

264 " Keokuk and Des Moines R.R. Co., 26 

900 " Lake Shore and M. So. R.R. Co., 90 

1000 " Morris and Essex Railroad Co., . 50 

600 « N. Y. Cent, and H. Riv. R.R. Co., 60 

1000 " N. Y., N. H., and Hart. R.R. Co., 100 

750 " Pitts., Ft. Wayne, and Ch.R.R.Co., 75 

500 " N. Y. and Harlem Railroad Co., . 25 

100 " New Britain National Bank, . 10 

100 " First National Bank, Albany, . 10 

220 " Farmers & Mech. Nat'l B'k, Phila., 22 

50 " Merchants' Bank, St. Louis, . 5 

50 " Merchants' Nat'l B'k, St. Louis, . 5 

200 " Mechanics'. Nat'l B'k, St. Louis, . 20 

200 " ^tna National Bank, Hartford, . 20 

200 " American Nat'l Bank, Hartford, . 10 

300 " Charter Oak Nat'l B'k, Hartford, 30 

200 " City National Bank, Hartford . 20 

150 ' ' Conn. River Banking Co. , Hartford, 7 

500 " National Exchange B'k, Hartford, 25 

420 " Farmers &Mech. Nat'l B'k, H'tf'd, 42 

200 " First National Bank, Hartford, . 20 

800 " Hartford National B'k, Hartford, . 80 

600 " Phoenix National B'k, Hartford, . 60 

250 " State Bank, Hartford, ... 25 

400 " American Exch. Nat'l B'k, N.Y., 40 

500 " Nat'l Butchers & Drovers' B'k, N.Y. 12 

100 " National City Bank, New York, 10 

300 " Nat'l Bank of Commerce, N.Y. , 30 

100 " Hanover National Bank, N. Y., 10 

300 " Importers and Traders' National 

Bank, New York, ... 30 

400 " B 'k of the Manhattan Co , N. Y. , 20 

200 " Market National Bank, N. Y., . 20 

1000 " Merchants' Nat'l Bank, N.Y. , . 50 

160 " Merchants' Exch. Nat'l B'k, N.Y. 8 

1200 " Mechanics' Nat'l Bank, N.Y. , . 30 

375 " Metropolitan Nat'l B'k, N.Y. , . 37 

200 " Nassau Bank, New York, . . 20 

400 " Bank of N.Y. Nat'l Banking Assn., 40 

200 " Bank of North America, N.Y., . 20 

277 " Phenix National Bank, N. Y., . 5 

400 " People's Bank, New York, . 10 

150 " Nat'l B'k of the Republic, N.Y., 15 



000 00 
200 00 
000 00 
000 00 
000 00 
000 00 
400 00 
000 00 
000 00 
000 00 
000 00 
000 00 
000 00 
000 00 
000 00 
000 00 
000 00 
000 00 
000 00 
000 00 
000 00 
000 00 
000 00 
500 00 
000 00 
000 00 
000 00 
000 00 
000 00 
000 00 
000 00 
500 00 
000 00 
000 00 
000 00 

000 00 
000 00 
000 00 
000 00 
000 00 
000 00 
500 00 
000 00 
000 00 
000 00 
540 00 
000 00 
000 00 



$37 

3 

38 

19 

15 

10 

2 

57 

38 

63 

154 

68 

35 

13 

15 

27 

1 

4 

10 

24 

12 

38 

18 

6 

33 

48 

19 

120 

90 

27 

42 

13 

22 

36 

10 

60 
28 
20 
57 

6 
39 
48 
20 
46 
16 

5 

14 
13 



500 00 
000 00 
500 00 
050 00 
000 00 
000 00 
640 00 
150 00 
000 00 
600 00 
000 00 
625 00 
500 00 
000 00 
000 00 
500 00 
250 00 
000 00 
000 00 
400 00 
800 00 
100 00 
000 00 
000 00 
000 00 
300 00 
000 00 
000 00 
000 00 
500 00 
400 00 
125 00 
000 00 
600 00 
000 00 

000 00 
000 00 
000 00 
500 00 
400 00 
000 00 
750 00 
000 00 
000 00 
000 00 
540 00 
000 00 
200 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



171 



400 shares Union National Bank, N. Y., . $20,000 00 $29,000 00 

150 " N. Y. Life Ins. and Trust Co., 15,000 00 00,000 00 

100 " United States Trust Co., N. Y., 10,000 00 35,000 00 

100 " Union Trust Company, N. Y., . 10,000 00 12,000 00 

100 « Central Trust Company, N. Y., 10,000 00 11,000 00 

$4,799,800 69 $5,211,640 69 



Securities held as collateral for cash loans : — 

42 shares Hartford Carpet Company, . 

5 " Phoenix National Bank, 
27 « N. Y.,N.H., and Hartford R.R., 



Market value. Loaned thereon. 



Summary of Assets, Dec. 31, 1877. 



Cash value of unincumbered real estate, 
Loans on mortg. of real estate (first liens *) 
Interest due or accrued thereon, . 
Stocks, bonds, etc., as per schedule, . 
Loans on collateral security, as per schedule 
Cash in the office of the company, 

deposited in various banks, 
Interest due and accrued, . H 
Premiums in course of collection (gross), 

Gross Assets, 
Special deposit in Canada, . 



Balance, 



$365,000 00 

94,060 00 

1,449 09 

5,211,640 69 

5,000 00 

5,264 40 

599,982 42 

15,449 40 

486,021 15 



:,080 00 



$9,240 00 7 
750 00 ) 
4,158 00 920 00 



$14,148 00 $5,000 00 



-$6,783,867 15. 
35,000 00 

$6,748,867 15 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Return premiums, ..... 
Miscellaneous, ..... 

Gross Liabilities, except Capital, 



',174 48 

156,958 66 

28,861 67 

1,694,529 08 

52,090 40 

14,882 98 

500 00 



1,976,997 27 



Surplus as regards Policy-holders in this State, . $4,771,869 88 
Paid-up Capital, 3,000,000 00 



Surplus over Capital, 



$1,771,869 88 



* Value of lands mortgaged, 
Value of buildings thereon, 



Total value of property mortgaged, 
Amount of insurance held as collateral, 



$87,000 00 
83,000 00 

$170,000 00 
51,000 00 



172 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Income. 

Cash received for fire premiums, . . $3,014,915 55 

Deduct re-insurance, rebate, and return prem's, 181,855 04 

Net cash received for fire premiums, . . $2,833,060 51 

Cash received for inland premiums, . . $105,140 35 
Deduct re-insurance, rebate, and return prem's, 23,487 79 

Net cash received for inland premiums, . . : 81,652 56 

Interest received on bonds and mortgages, .... 5,733 59 
Interest and dividends received from all other sources, . . 332,533 11 
Income from rents, 7,415 81 



Gross Cash Income, 



$3,260,395 58 



Expenditures. 

Cash paid for fire losses, . . . 
Net cash paid for inland losses, 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for office, agency, and incidental expenses, 

Gross Cash Expenditures, .... 



$1,935,285 52 
50,779 51 
660,000 00 
442,891 00 
163,468 89 
57,802 48 
145,431 00 



;,455,658 40 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, 

Deduct risks expired and terminated. 

In force at end of year, . . 
Deduct amount re-insured, 

Net amount in force, 



$252,822,907 00 
268,239,050 00 

$521,061,957 00 
242,339,744 00 

$278,722,213 00 
510,000 00 



Premiums. 

$3,353,516 92 
3,014,915 55 

$6,368,432 47 
3,014,734 54 

$3,353,697 93 
5,850 00 



$278,212,213 00 $3,347,847 93 



Inland risks outstanding Dec. 31, 1876, 
■written during 1877, . 

Total, ..... 
Deduct risks expired and terminated, 

In force at end of year, . 



$82,000 00 
15,567,346 00 

$15,649,346 00 
15,614,346 00 

$35,000 00 



$2,950 00 
105,140 35 

$10S,090 35 
107,240 35 

$850 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



173 



Miscellaneous. 

Premiums received from organization of company, . 
Losses paid from organization of company, . 
Cash dividends declared from organization of company, 
Dividends declared during the year (22 per cent.), . 

Losses incurred during the year, 

Company's stock owned by directors, . ... 



177,524,209 68 

48,515,509 44 

9,703,365 00 

660,000 00 

1,850,161 49 

299,100 00 



MT^A INSURANCE COMPANY, NEW YORK. 

[Incorporated Dec. 1, 1871. Commenced business Dec. 1, 1871.] 
Paid-up Capital, $200,000. 

F. A. Conkling, President. Secretary, O. S. Bogert. 

Office, No. 172 Broadway. 
Attorney to accept service, Augustus S. Lovett, Boston. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, $106,000 00 $109,935 00 



Securities held as collateral for cash loans : — 

4 shares Archer and Pancoast Manuf 'g Co. . 
10 " Ridge wood Insurance Company, * . 
17 " Relief Insurance Company, 
10 " Irving Insurance Company, 



Market value. Loaned thereon. 



$6,000 00 


$3,500 00 


1,035 00 


800 00 


807 50 


400 00 


950 00 


800 00 



1,792 50 $5,500 00 



Summary of Assets, Dec. 31, 1877. 



Cash value of unencumbered real estate, 

Loans on mortgage of real estate (first liens*), 

Interest accrued thereon, 

Stocks, bonds, etc., as per schedule, 

Loans on collateral security, as per schedule, 

Cash in the office of the company . 

deposited in bank, .... 



$9,797 70 

103,600 00 

1,813 00 

109,935 00 

5,500 00 

759 11 

12,667 71 



* Value of lands mortgaged, 
Value of buildings thereon, 



Total value of property mortgaged, 
Amount of insurance held as collateral, 



$121,000 00 
107,000 00 

$228,000 00 
68,900 00 



174 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Interest due and accrued, . . • • 1,184 80 

Premiums in course of collection (gross), . 9,001 13 
Premiums more than 3 months due, $642 18 

Gross Assets, . . . . . . 

Liabilities. 

Losses adjusted, unpaid, .... $4,050 00 

disputed or resisted, .... 1,750 00 

Unearned premiums on outstanding risks, . 26,144 91 

Commissions and brokerage, .... 1,125 00 

Gross Liabilities, except Capital, . . 

Surplus as regards Policy-holders, 

Paid-up Capital, 



$254,258 45 



Surplus over Capital, 

Income. 

Cash received for fire premiums, 
Deduct re-insurance, rebate, and return prem's, 
Net cash received for fire premiums, . , - 
Cash received for marine and inland prem's, . 
Deduct re-insurance, rebate, and return prem's 
Net cash received for marine and inl'd prem's, 
Interest received on bonds and mortgages, 
Interest and div'ds rec'd from all other sources, 

Gross Cash Income, .... 

Expenditures. 
Cash paid for fire losses, .... 
Cash dividends paid, 

for commissions and brokerage, 

for salaries of officers and employees, . 

for State and local taxes, 

for office, agency, and incidental expenses, 

Gross Cash Expenditures, 

Risks and Premiums. 



33,069 91 

5221,188 54 
200,000 00 

$21,188 54 



$70,867 63 
8,076 15 

$750 24 
,250 46 



2,791 48 



499 78 

8,135 06 

10,372 52 



$81,798 84 


$34,761 64 


30,000 00 


10,714 77 


.17,650 00 


3,406 03 


11,275 76 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



£7,895,730 00 
7,851,600 00 



$15,747,330 00 
7,751,985 00 

$7,995,345 00 
891,079 00 



$107,808 20 



Premiums. 

$67,884 68 

71,579 04 

$139,463 72 
86,589 62 

$52,874 10 
4,366 22 



',104,266 00 $48,507 88 



1877.] 



INS. CO'S. OF OTHER STATES. 



175 



Marine risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



$9,800 00 
270,550 00 


$64 50 
750 24 


$280,350 00 
163,000 00 


$814 74 
574 10 


$117,350 00 
69,600 00 


$240 64 
127 50 


$47,750 00 


$113 14 



Miscellaneous. 

Premiums received from organization of company . 
Losses paid from organization of company, 
Cash dividends declared from organization of company 
Dividends declared during the year (15 per cent), . 
Losses incurred during the year, .... 
Company's stock owned by directors, . . . 



$764,039 55 

430,458 61 

138,000 00 

30,000 00 

33,597 87 

47,200 00 



AMERICAN INSURANCE COMPANY, NEWARK, N.J. 

[Incorporated Feb. 20, 1846. Commenced business April 1, 1846.] 
Paid-up Capital, $600,000 .* 

S. G. Gould, President. Secretary ', Feed H. Harris. 

Office, No. 7^6 Broad Street. 

Attorney to accept service, Richard Pope, Boston. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States registered bonds, . . . $225,000 00 $236,250 00 



Summary of Assets, Dec. 31, 1877. 

Cash value of unencumbered real estate, . $135,155 37 

Loans on mortgage of real estate (first liens f), 901,462 89 
Interest due or accrued thereon, . . . 13,936 66 



* Represented by Scrip pledged to meet losses. 



■f Total value of property mortgaged, 
Amount of insurance beld as collateral, 



$2,625,050 00 
1,126,220 00 



176 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Stocks, bonds, etc., as per schedule, : . 236,250 00 

Cash in the office of the company, . . . 6,339 11 

deposited in various banks, . . . 45,495 65 

Premiums in course of collection (gross), . 14,995 34 

Rents due, . 853 36 

Company's scrip purchased, . $68,765 00 

Gross Assets, ...... <i 



L,354,488 38 



Liabilities. 

Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, 
Dividends to scrip-holders unpaid, . 
Commissions and brokerage, . 
Dividends to Policy-holders unpaid, 
Gross Liabilities, except Scrip,. 

Surplus as regards Policy-holders, . 
Capital represented by Scrip, . 



Surplus over Capital, 



$2,919 66 

105,321 95 

237 50 

5,901 70 

2,722 50 

31,262 00 



148,365 31 



$1,206,123 07 
. 600,000 00 



$606,123 07 



Income. 

Cash received for fire premiums, . . . $192,680 17 
Deduct re-insurance, rebate, and return prem's, 12,056 88 

Net cash received for fire premiums, . . 

Interest and dividends received from all sources, . 
Income from rents, 



Gross Cash Income, 



$180,623 29 

68,416 39 

5,079 43 

$254,110 11 



Expenditures. 

Cash paid for fire losses, .... 

Deduct salvage and re-insurance, . . 

Net cash paid for fire losses, . 

Cash dividends paid scrip-holders, . 
dividends paid policy-holders, 
paid for commissions and brokerage, 
paid for salaries of officers and employees, 
paid for state and local taxes, 
paid for office, agency, and incidental expenses, 

Gross Cash Expenditures, .... 



,279 83 
1,500 00 



$47,779 83 
61,146 91 
29,349 00 
23,565 08 
29,978 92 
4,278 97 
4,098 51 

$200,197 22 



1877.] 



INS. CO'S. OF OTHER STATES. 



177 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



Premiums. 

$25,088,820 29 $207,555 75 
26,672,454 09 194,811 16 



$51,761,274 38 $402,366 91 
25,898,553 42 195,938 16 



$25,862,720 96 $206,428 75 
. 197,516 66 1,648 26 



$25,665,204 30 $204,780 49 



Miscellaneous. 

Premiums received from organization of company, . $2,662,245 95 
Losses paid from organization of company, .... 631,835 26 
Cash dividends declared from organization of company, . 799,420 26 
Dividends declared during the year, ..... 60,635 76 
Losses incurred during the year, 49,199 49 



AMERICAN CENTRAL INSURANCE COMPANY, ST. LOUIS, MO. 

[Incorporated February, 1853. Commenced business February, 1853.] 
Paid-up Capital, $300,000. 

George T. Cram, Poesident. Secretary, James Newman. 

Attorney to accept service, George O. Carpenter, Boston. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, $250,000 00 $295,000 00 

Missouri State bonds, 6s, ... 400,000 00 422,000 00 



Summary of Assets, Dec 

Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, . 

deposited in Bank of Commerce, 
Premiums in course of collection (gross), 
Gross Assets, . 

Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, . 

disputed or resisted, . 
Unearned premiums on outstanding risks, 
23 



$650,000 00 $717,000 00 

31; 1877. 

$717,000 00 

1,607 96 

30,948 46 

47,384 70 

$796,941 12 



$5,655 84 

20,655 00 

41,500 00 

213,590 87 



178 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Dividends to stockholders unpaid, . 
Commissions and brokerage, . 

Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, 
Paid-up Capital, .... 



Surplus over Capital, 



Income 



Cash received for fire premiums, 



$1,070 00 
6,635 62 



$289,107 33 



. $507,833 79 
. 300,000 00 



. $207,833 79 



. $449,381 33 



$385,592 24 

36,054 68 

1,647 39 



Deduct re-insurance, rebate, and return prem's, 63,789 09 

Net cash received for fire premiums, 

Interest received on bonds, 

Interest and divid'ds rec'd from all other sources, . 

Gross Cash Income, $423,294 31 

Expenditures. 

Cash paid for fire losses, .... $201,94867 

Deduct salvage and re-insurance, . . . 16,509 61 
Net cash paid for fire losses, . 
Cash dividends paid, .... 
paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 



for office, agency, and incidental expenses, 
Gross Cash Expenditures, .... 

Risks and Premiums. 



$185,439 06 
39,663 75 
66,233 08 
28,848 75 
8,619 16 
39,216 98 

$368,020 78 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 



Premiums. 

$25,256, 605 00 $414,552 19 
31,499,742 00 452,291 95 



$56,756,347 00 $866,844 14 
28,076,967 00 416,252 45 



$28,679,380 00 $450,591 69 
893,796 00 17,077 46 



Net amount in force, 



$27,785,584 00 $433,514 23 



Miscellaneous. 



Premiums received from organization of company, 

Losses paid from organization of company, 

Cash dividends declared from organization of company, 

Dividends declared during the year, 

Losses incurred during the year, 

Company's stock owned by directors, .... 



^4,551,594 35 

2,603,705 48 

153,537 70 

39,500 00 

180,454 73 

60,575 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



179 



AMERICAN EXCHANGE FIRE INSURANCE COMPANY, NEW YORK. 

[Incorporated Feb. 28, 1859. Commenced business Marcb 1, 1859.] 
Paid-up Capital, $200,000. 

Henry Butler, President. Secretary, William Raynor. 

Office, No. 61 Liberty Street. 

Attorney to accept service, Edward O. Ballard, Marlborough. 

Detailed Statement of Stocks, Bonds, Etc. 



United States bonds, .... 
Brooklyn and Newtown Railroad bonds, . 
1 share Produce Exchange, 
277 shares American Exchange Bank, . 



Securities held as collateral for cash loans : 

49 shares New York and New Haven R.R. 
100 " Williamsburg Gas Company, . 
450 " Firemen's Trust Insurance Co., 
New York and Erie Railroad bonds, 
Belt Railroad bonds, .... 
United States bonds, .... 
494 shares Westchester Fire Insurance Co., 

52 " Central National Bank, . 
100 " American Trust Company, 
Bonds and mortgages, .... 



Summary of Assets, Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 

deposited in various banks, 
Interest due and accrued, 
Premiums in course of collection (gross), 
Premiums more than 3 mos. due, . $540 82 
Gross Assets, 



Par value. Market value. 

$149,000 00 $157,093 75 

10,000 00 8,500 00 

1,000 00 500 00 

27,700 00 29,362 00 



$187,700 00 $195,455 75 

Market value. Loaned thereon. 

$7,350 00 



7,500 00 
4,950 00 
2,000 00 
3,250 00 J 
2,150 00 
5,181 00 
5,200 00 
5,000 00 
36,000 00 



\ $18,400 00 

2,000 00 
14,200 00 
21,000 00 



$78,581 00 $55,600 00 

31, 1877. 

$20,000 00 

11,800 00 

418 97 

195,455 75 

55,600 00 

297 01 

5,969 10 

1,763 09 

3,165 54 

— $294,469 46 



* Value of lands mortgaged, $11,250 00 

Value of buildings thereon, . . . . . . . 18,500 00 

Total value of property mortgaged, . . . . . $29,750 00 

Amount of insurance held as collateral, 15,000 00 



180 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

Liabilities. 

Losses adjusted, unpaid, 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., . 
Due for borrowed money, 
Commissions and brokerage, . 

' Gross Liabilities, except Capital, . . $22,292 69 

Surplus as regards Policy-holders, $272,176 77 

Paid-up Capital, 200,00000 

Surplus over Capital, $72,176 77 



$220 98 


20,264 39 


832 50 


500 00 


474 82 



$50,380 57 
9,525 14 



Income. 

Cash received for fire premiums, 

Deduct re-ins., rebate, and return premiums, 

Net cash received for fire premiums, . . 

Cash received for marine and inland premiums, 
Interest received on bonds and mortgages, 
Interest and dividends received from all other sources, . 
Income from rents, 



$40,855 43 

2,455 50 

1,137 26 

13,763 98 

400 00 



Gross Cash Income, $58,612 17 



Expenditures. 

Cash paid for fire losses, .... $10,162 29 

Deduct salvage and re-insurance, . . . 239 15 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 

Gross Cash Expenditures, .... 



$9,923 14 
128 44 

20,280 00 
2,244 05 

18,086 32 
1,332 07 
6,933 94 

$58,927 96 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 



Risks and Premiums. 

Premiums. 

,899,109 00 $41,905 27 
12,474,602 00 49,330 79 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



$23,373,711 00 $91,236 06 
12,986,279 00 51,390 81 



$10,387,432 00 $39,845 25 
402,550 00 1,687 78 



1,984,882 00 $38,157 47 



1877.] 



INS. CO'S. OF OTHER STATES. 



181 



Marine risks outstanding Dec. 31, 1876, 
written during 1877, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 



$83,500 00 $1,996 60 
90,750 00 2,455 50 



$174,250 00 $4,452 10 
99,250 00 2,456 60 



r 5,000 00 $1,995 50 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company 
Dividends declared during the year (10 per cent.), 
Losses incurred during the year, .... 
Company's stock owned by directors, 



,254,549 84 

504,139 73 

245,000 00 

20,000 00 

10,082 56 

63,000 00 



AMERICAN FIRE INSURANCE COMPANY, PHILADELPHIA. 

[Incorporated Feb. 28, 1810. Commenced business March 12, 1810.] 
Paid-up Capital, $400,000. 

Thomas R. Maris, President. Secretary, Albert C. L. Crawford. 

Office, No. 310 Walnut Street. 

Attorney to accept service, Geo. E. Foster, Boston. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

100 shares North Pennsylvania R.R. Company, $5,000 00 $3,700 00 

100 " Pennsylvania R.R. Company, . 5,000 00 3,300 00 

Penna. R.R. registered bonds, 6s, . . . 10,000 00 10,000 00 

Phila. and Reading R.R. coupon bonds, . . 2,100 00 1,407 00 

Harrisburg, P., Mt. Joy and L. R.R. bonds, . 10,000 00 10,400 00 

Delaware R.R. Co. mortgage bonds, . . 5,000 00 5,000 00 

North Penna. R.R. 1st mortgage bonds, 6s, . 14,000 00 15,190 00 

" " " 2d mortgage bonds, 7s, . 4,000 00 4,440 00 

Penna. R.R. reg'd mortgage bonds, general, . - 20,000 00 21,700 00 

" " consolidated mortgage bonds, 6s, 20,000 00 18,400 00 

Phila., WiL, and Bait. R.R. bonds, . . 10,000 00 10,300 00 
Del. and R. Canal and Camd. and Amb. R.R. 

and Transportation Co. 'smort. bonds, . . 24,000 00 26,160 00 

Elmira and Williamsport R.R. Co. bonds, . 1,000 00 600 00 

Schuylkill Nav. Co. 1st mortgage bonds, . 12,000 00 10,800 00 

Chesapeake and Del. Canal Co. mort. bonds, . 10,000 00 7,600 00 

Lehigh Coal and Navigation Co. bonds, . . 20,000 00 20,600 00 

" " " reg. bonds, . 20,000 00 20,400 00 

Susquehanna Canal Co. mortgage bond, . . 7,000 00 2,100 00 



182 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Dela. Division Canal Co. mortgage bond, 
Schuylkill Navigation Co. mortgage loan, 
City and county of Erie loan, . 
Cincinnati city bonds, 7-30s, . 
Tennessee state loan 6s, . 
United States registered bonds, 
American Steamship Company loan, 
Shamokin Val. and P. R.R. 1st mort. bond, 7s, 
Ground rents, . 



$15,000 00 

1,225 00 

1,600 00 

30,000 00 

24,000 00 

200,000 00 

15,000 00 

20,000 00 



Securities held as collateral for cash loans : — 



Lehigh Coal and Nav. Co.'s bonds, gold, 
United States 5-20 bonds 1867, 
Lehigh Valley R.R. Company bonds, 7s, 
25 shares Nesquehoning Val. R.R. Co., . 
Missouri State bond, .... 
45 shares U. S. Fertilizing and Chem. Co., 
196 « Lehigh Valley Railroad, 
Mortgage additional, .... 
250 shares Cambria Iron Company, 
500 " Pennsylvania Salt Company, . 
Charleston, S. C, Min. and Manuf. Co. bonds 
100 shares Pennsylvania Railroad, . 
250 " Lehigh Coal and Navigation Co., 
Philadelphia and Reading R.R. Co. bonds, 
Charleston, S. C, Min. and Manuf. Co. bonds, 
72 shs. " " " 

200 shares Lehigh Valley Railroad, 



Summary of Assets, Dec 

Cash value of unencumbered real estate, . 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 

deposited in various banks, 
Interest due and accrued, 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Gross Assets, . . . . • 



Market value. 

$1,740 00 
1,083 75 
3,360 00 
1,162 50 
1,000 00 
1,800 00 
7,840 00 
2,000 00 
12,500 00 
32,500 00 
8,800 00 
3,300 00 
4,625 00 
5,600 00 
2,200 00 
2,880 00 
8,000 00 



$15,000 00 

784 00 

1,120 00 

30,600 00 

8,280 00 

208,750 00 

11,175 00 

19,000 00 

41,040 83 

$527,846 83 

Loaned thereon. 

$1,678 98 
1,050 00 

I 4,000 00 

1,350 00 
| 7,000 00 

I 32,000 00 

7,000 00 
1,000 00 

| 5,000 00 

I 3,000 00 
6,000 00 



$100,391 25 $69,078 98 

31, 1877. 

$150,100 00 

422,439 50 

9,145 80 

527,846 83 

69,078 98 

929 56 

84,152 56 

6,843 74 

22,747 52 

376 77 

$1,293,661 26 



* Value of lands mortgaged, $348,975 00 

Value of buildings thereon . . 664,675 00 

Total value of property mortgaged, $1,013,650 00 

Amount of insurance held as collateral, .... 345,600 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



183 



Liabilities. 
Losses adjusted, unpaid, .... 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, 
Dividends to stockholders unpaid, . 
Due and accrued for rent, salaries, etc., . 
Commissions and brokerage, . 
Return premiums, ..... 
Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, . 
Paid-up Capital, ..... 



$5,893 


43 






7,687 


57 






5,500 


00 






175,128 


72 






272,376 


70 






855 


00 






450 


00 






4,149 


75 






1,386 


14 






._ 




$473,427 


31 



20,233 95 
400,000 00 



Surplus over Capital, 

Income. 

Cash received for fire premiums, . . . $369,826 
Deduct re-insurance, rebate, and return prem's, 36,158 
Net cash received for fire premiums, 
Interest received on bonds and mortgages, 

and dividends received from all other 
Income from rents, . 

from all other sources, 
Deposits received for perpetual fire risks, 



Gross Cash Income, 



sources, . 
$2,952 
1,521 

$2,762 



• 


$420,233 


95 


90 






99 


$333,667 


91 






. 


24,437 


03 


. 


32,289 


38 



07 
94 

28 



4,474 01 



Expenditures. 
Cash paid for fire losses, ..... 
dividends paid, ..... 
paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, 
for office, agency, and incidental expenses, 
Deposits returned on perpetual fire risks, . $3,329 

Gross Cash Expenditures, 

Risks and Premiums. 



83 



$394,868 33 

$202,056 25 

39,800 00 

134 42 

97,347 76 

13,328 23 

7,627 55 

$360,294 21 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 
Perpetual risks in force, . 



£35,589,434 

39,288,207 



Premiums. 

00 $404,877 08 
00 369,826 90 



$74,877,641 
43,065,613 



0.0 $774,703 98 
00 440,983 86 



$31,812,028 
177,206 



00 $333,720 12 
00 1,545 00 



$31,634,822 

$10,988,208 



00 $332,175 12 
00 $286,862 31 



184 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

Miscellaneous. 

Premiums received from organization of company, . $5,904,960 34 

Losses paid from organization of company, . . . 3,932,006 93 

Cash dividends declared from organization of company, 1,972,975 50 

Dividends declared during the year (10 per cent.), . 40,000 00 

Losses incurred during the year, ..... 195,638 29 

Company's stock owned by directors, .... 18,600 00 



AMITY INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated June 19, 1873. Commenced business June 19, 1873.] 
Paid-up Capital, $200,000. 

Edward Merritt, President. Secretary, Nathan Harper. 

Office, No. 115 Broadway. 
Attorney to accept service, Timothy T. Sawyer, Jr., Boston. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, . . . . . $160,000 00 $172,450 00 
Market National Bank stock, . . . . 5,000 00 5,500 00 
Dry Goods Bank stock, 2,000 00 2,000 00 



$167,000 00 $179,950 00 
Securities held as collateral for cash loans : — 

Market value. Loaned thereon. 

United States bonds, $6,695 00 $6,470 00 

Produce Exchange certificate, . . . 800 00 450 00 



$7,495 00 $6,920 00 



Summary of Assets, Dec. 31, 1877. 

Cash value of unencumbered real estate, . $4,500 00 

Loans on mortgage of real estate (first liens *), 8,000 00 

Interest accrued thereon, . . . . 18 66 

Stocks, bonds, etc., as per schedule, . . 179,950 00 

Loans on collateral security, as per schedule, . 6,920 00 

Cash in the office of the company, . . . 265 25 

deposited in various banks, . . . 4,239 64 



* Value of lands mortgaged, $4,500 00 

Value of buildings thereon, 12,000 00 



Total value of property mortgaged, .... $16,500 00 
Amount of insurance held as collateral, . . . 12,000 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



185 



Interest due and accrued, 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
Salvages and other claims, 

Gross Assets, 

Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, . 
Paid-up Capital, ..... 



Impairment of Capital, 



11,010 28 

8,038 27 

600 00 

8,823 83 



$1,003 19 

700 00 

1,800 00 

25,855 89 

913 25 



$222,365 93 



30,272 33 



. $192,093 60 
. 200,000 00 



$7,906 40 



Income. 

Cash received for fire premiums, 

Deduct re-ins., rebate, and return premiums, . 

Net cash received for fire premiums, 

Cash received for marine and inland premiums, 

Unpaid premium notes rec'd during the year, 

Interest received on bonds and mortgages, 

Interest and dividends received from all other sources, 

Income from all other sources, 

Gross Cash Income, $86,590 07 



$82,234 86 




10,191 65 






$72,043 21 




. 


2,689 00 


$600 00 




... 


784 60 


>urces, 


10,909 81 


. 


163 45 



Expenditures. 

Cash paid for fire losses, $45,373 21 

Deduct salvage and re-insurance, . . . 131 75 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes and fees, . 

for office, agency, and incidental expenses, 

Gross Cash Expenditures, .... 

24 



$45,241 46 
2,596 70 
8,000 00 

14,897 64 
9,750 00 
1,351 44 

11,504 02 

$93,341 26 



186 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1876, , 
written daring 1877, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force 

Marine risks outstanding Dec. 31, 1876, 
written during 1877, . 

Total, ...... 

Deduct risks expired and terminated, 

In force at end of year, . . 



$6,220,567 00 
7,427,920 00 

£13,648,487 00 
8,000,657 00 

$5,647,830 00 
136,832 00 



$32,750 00 
77,500 00 

$110,250 00 
53,750 00 



Premiums. 

$16,046 14 
79,278 03 

£125,324 17 
76,461 80 

$48,862 37 
572 97 



55,510,998 00 $48,289 40 



8 1,457 50 
2,839 00 

$4,296 50 
2,082 50 



$56,500 00 $2,214 00 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (4 per cent.), 
Losses incurred during the year, ..... 
Company's stock owned by directors, .... 



$302,107 95 

108,731 57 

55,000 00 

8,000 00 

50,065 35 

85,400 00 



ATLANTIC INSURANCE COMPANY, BROOKLYN, N.Y. 

[Incorporated Dec. 31, 1871. Commenced business Jan. 2, 1872.] 
Paid-up Capital, $200,000. 

John D. Cocks, President. Secretary, William D. Cornell. 

Office, No. 178 Broadway, N. Y. 

Attorney to accept service, Horace V. Freeman, Boston. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, . . . ^ . . $200,000 00 $207,662 50 
Richmond (Va.) city bonds, 8s, . * . . 10,000 00 11,500 00 
South Carolina State bonds, 6s, . . . 19,000 00 2,400 00 



Securities held as collateral for cash loans 

Atlantic Dock Company stock, 
Atlantic Avenue Railroad bonds, . 



$229,000 00 $221,562 50 

Market value. Loaned thereon. 

. $17,050 00 $10,000 00 
2,850 00 2,200 00 



1877.] 



INS. GO'S. OF OTHER STATES. 



187 



First National Bank stock, 
Tradesmen' Insurance Company stock, 
Citizens' Gas Light Company stock, 
Gold Check, Bank of New York, 
Springfield, 111., water bonds, 
Central Pacific Railroad bonds, 
Rock Island Railroad bonds, . 
Georgia State gold bonds, 7s, 
Missouri Pacific Railroad bonds, 
Union Pacific Railroad bonds, 



$10,000 00 $5,000 00 

1,500 00 1,000 00 

850 00 400 00 

21,063 75 

6,300 00 

2,000 00 

2,060 00 |- 35,000 00 
2,100 00 
1,000 00 
4,030 00J 

$70,893 75 $53,600 00 



Summary of Assets, Dec. 31, 1877. 

Loans on mortgage of real estate (first liens *), $94,500 00 

Interest accrued thereon, .... 543 67 

Stocks, bonds, etc., as per schedule, . . 221,562 50 

Loans on collateral security, as per schedule, . 53,600 00 

Cash in the office of the company, . . . 23,651 54 

deposited in Nassau National Bank, . 22,237 85 

Interest due and accrued, .... 351 38 

Premiums in course of collection (gross), . 20,301 01 
Premiums more than 3 months due, $581 13 

Gross Assets, ..... 
Special deposits in other States (net),f . 



Balance, 



$436,747 95 
2,639 82 

$434,108 13 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, . 

disputed or resisted, . . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Gross Liabilities, except Capital, 



$11,511 62 

5,777 07 
10,250 70 
96,634 59 

3,002 10 



Surplus as regards Policy-holders in this State, 
Paid-up Capital, ...... 



Surplus over Capital, 



127,176 08 

$306,932 05 
200,000 00 

$106,932 05 



* Value of lands mortgaged, 
Value of buildings thereon, 



Total value of property mortgaged, 

Amount of insurance held as collateral, .... 

t Deposits in other States for special protection of citizens 

of such States, . . . 

Liabilities in such States, 



$106,500 00 
152,500 00 

$259,000 00 
102,000 00 

$10,000 00 
7,360 18 

$2,639 82 



188 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Income. 

Cash received for fire premiums, . . . $357,460 83 
Deduct re-insurance, rebate, and return prem's, 46,144 38 

Net cash received for fire premiums, . . 

Interest received on bonds and mortgages, .... 



Interest and dividends rec'd from all other sources, 



.$311,316 45 

7,008 25 

15,843 66 



Gross Cash Income, $334,168 36 



Expenditures. 

Cash paid for fire losses, $215,315 99 

Deduct salvage and re-insurance, . . . 1,099 51 
Net cash paid for fire losses, ... 
Cash dividends paid, . . . 
Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for office, agency, and incidental expenses, 

Gross Cash Expenditures, 



$214,216 48 
20,000 00 
44,711 19 
24,554 00 
9,362 93 
27,931 92 

$340,776 52 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, . . 



Risks and Premiums. 

Premiums. 

$23,257,089 00 $214,321 30 
35,473,733 00 369,323 03 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



$58,730,822 00 $583,644 33 
35,118,237 00 393,461 10 



23,612,585 00 $190,183 23 
108,324 00 1,023 81 



$23,504,261 00 $189,159 42 



Miscellaneous. 

Premiums received from organization of company, . $2,005,969 75 

Losses paid from organization of company, . *. . 1,050,942 28 

Cash dividends declared from organization of company, 100,000 00 

Dividends declared during the year (10 per cent.), . 20,000 00 

Losses incurred during the year, ..... 206,068 60 

Company's stock owned by directors, .... 54,850 00 



1877.] 



INS. COS. OF OTHER STATES. 



189 



ATLANTIC FIRE AND MARINE INSURANCE COMPANY, 
PROVIDENCE, R.I. 

[Incorporated May, 1852. Commenced business June, 1852.] 

Paid-up Capital, $200,000. 

J. S. Parish, President. Secretary, T. W. Hayward, Jr. 

Attorney to accept service, Hammond Vinton, Boston. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, $15,000 00 $15,825 00 

200 shares National Bank of Commerce, Prov., 10,000 00 9,400 00 

120 " Northern Bank, Providence, . . 12,000 00 10,800 00 

113 " WeybossettNat'l Bank, Providence, 5,650 00 6,780 00 

200 " First National Bank, Providence, . 20,000 00 18,400 00 

200 " Merchants' Natl Bank, Providence, 10,000 00 11,400 00 

169 " Fourth National Bank, Providence, 16,900 00 21,125 00 

11 " American Exch. Nat'lB'k, Prov.,. 1,100 00 1,166 00 

10 " R.I. Safe Deposit Company, Prov., 1,000 00 500 00 

104 " Michigan Central Railroad, . . 10,400 00 6,240 00 

$102,050 00 $101,636 00 



Summary of Assets, Dec. 31, 1877. 



Cash value of unencumbered real estate, 
Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, . 
Premiums in course of collection (gross) , 
Notes taken for marine and inland risks, 
Rents due and accrued, . . . $3,667 88 
Assignee claim, .... 1,358 30 

Gross Assets, 



$145,780 26 

101,636 00 

155 82 

10,194 25 

50 00 



5,026 18 



$262,842 51 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, . 

Total amount of losses, .... 
Less re-insurance, ..... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Dividends to stockholders unpaid, . 
Due and accrued for rent, salaries, . 
Due for borrowed money, 



$2,949 13 


7,590 00 


. $10,539 13 


1,500 00 


$9,039 13 


36,783 53 


151 50 


471 74 


12,006 85 



190 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Commissions and brokerage, . 
Ee-insarance, ..... 
Gross Liabilities, except Capital, 



$1,965 65 
22 99 



$60,441 39 



Surplus as regards Policy-holders, $202,401 12 

Paid-up Capital, 200,000 00 



Surplus over Capital, 



£2,401 12 



Income. 

Cash received for fire premiums, . . . $73,833 36 
Deduct re-insurance, rebate, and return prem's, 11,226 52 

Net cash received for fire premiums, . . 

Cash received for marine and inland prem's, . $12,908 65 
Deduct re-insurance, rebate, and return prem's, 6,312 51 

Net cash received for marine and inl'd prem's, 

Unpaid premium notes rec'd during the year, . $50 00 
Interest and dividends received from all sources, . 
Income from all other sources; viz., rents, $9,- 

931.69; profit and loss account, $5.79, .... 



$62,606 84 

6,596 14 

4.070 61 
9,940 48 



Gross Cash Income, . . $S4,114 10 

Expenditures. 



Cash paid for fire losses, $55,842 20 

Deduct salvage and re-insurance, ... 47 50 

Net cash paid for fire losses, .... 

Cash paid for marine and inland losses, . . $4,194 69 
Deduct salvage and re-insurance, . . . 447 43 

Net cash paid for marine and inland losseS, 
Cash dividends paid, .... 

paid for commissions and brokerage, 

paid for salaries and incidental expenses 

paid for State and local taxes, 

paid for real estate expenses, . 

Gross Cash Expenditures, 

Eisks and Premiums. 



£55,794 70 



3,747 26 

9,129 00 

11,194 75 

12,245 73 

2,916 15 

4. 558 04 

$99,585 63 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, ..... 
Deduct risks expired and terminated. 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



Premiums. 

15,445,826 46 $76,141 41 

5,966,215 65 73,833 36 



$11,412,042 11 $149,974 77 
. 6,184,395 25 77,818 70 



$5,227,616 86 $72,156 07 
75.933 25 911 62 



(5,151,713 61 $71,244 45 



1877.] 



INS. GO'S. OF OTHER STATES. 



191 



Marine risks outstanding Dec. 31, 1S76, 
written during 1877, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



Miscellaneous. 



. $141,192 00 $2,035 18 
. 1,347/292 60 12,908 65 



51,4S8,4S4 60 $14,943 83 
1,420,324 60 14,054 13 



$68,160 00 
34,112 00 



$34,048 00 



$SS9 70 
403 45 

$4S6 25 



Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (4^ per cent.), 
Losses incurred during the year, . . . ... 

Company's stock owned by directors, .... 



$2,906,469 52 

2,249,S78 33 

323,000 00 

9,000 00 

60,949 53 

52,933 00 



ATLANTIC MUTUAL INSURANCE COMPANY, NEW TOEK. 

[Incorporated April 11, 1842. Commenced business April 11, 1842.] 

John D. Jones, President. Secretary, Jos. H. Chapman, 

Office, No. 51 Wall Street. 
Attorney to accept service, G. Winthkop Coffln, Boston. 



Detailed Statement of 



American Exchange Bank stock, 
Bank of America stock, . 
Bank of Commerce stock, 
Bank of New York stock, 
Leather Manufacturers' Bank stock 
Merchants' Bank stock, . 
Mechanics" Bank stock, 
Manhattan Company stock, 
Market Bank stock, 
Metropolitan Bank stock 
Phenix Bank stock, 
Union Bank stock, . 
Ohio state bonds, . 
New Yorkstate bonds, 
Illinois state bonds, 
New York Central Kailroad bonds, 



Stocks, Bonds, Etc 

Par value. 

•$10,000 00 
90,000 00 
20,000 00 
64,400 00 
15,600 00 
97,750 00 
45,900 00 

8,550 00 
50,000 00 
33,700 00. 
24,440 00 
40,000 00 
73,000 00 
45,000 00 

8,000 00 
39,000 00 



Value.* 

$36,000 00 
90,000 00 
20,000 00 
64,400 00 
15.600 00 
97,750 00 
45.900 00 

8,550 00 
45,000 00 
33,700 00 
17.10S 00 
40,000 00 
65,700 00 
45,000 00 

7,200 00 
33,150 00 



* Estimated for purpose of permanent investment. 



192 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

Delaware and Hudson Canal Company bonds, $50,000 00 $45,000 00 

. 976,600 00 889,000 00 

. 122,000 00 109,800 00 

. 59,000 00 53,100 00 

. 100,000 00 90,000 00 

9,685,000 00 8,639,000 00 

. 150,000 00 75,000 00 



New York county and city bonds, 

Brooklyn city bonds, 

Kings county bonds, 

Jersey city bonds, . 

United States bonds, 

District of Columbia bonds, 



$11,837,940 00 $10,565,958 00 



Securities held as collateral for cash loans 



Value,* 

$40,000 00 1 
33,000 00 
22,000 00 
25,000 00 J 
80,000 00] 



Loaned thereon. 



Delaware and Hudson Canal Company bonds, 

Cleveland and Pittsburgh Railroad bonds, 

Lake Shore and Mich. So. Railroad bonds, 

Panama Railroad Company stock, . 

Lake Shore and Mich. So. Railroad stock, 

Chicago, Milwaukee, and St. Paul R.R. stock, 75,500 00 |- 

Chicago and North- Western Railroad stock, . 18,500 00 J 

Delaware, Lackawana, and Western R.R. stock, 

Howard Fire Insurance Company stock, . 

Niagara Fire Insurance Company stock, . 

Grand River Valley Railroad bonds, 

Chicago, Rock Island, and Pac. R.R. bonds, . 

Lake Shore and Michigan So. Railroad bonds, 

Albany and Susquehanna Railroad bonds, 

Central Pacific (California) Railroad bonds, 

San Francisco City bonds, 

Union Pacific Railroad bonds, 

Chicago and No. Western R.R. (gold) bonds 

Dayton and Michigan Railroad bonds, . 

Terre Haute and Indiana Railroad bonds, 

New York, Providence, and Boston stock, 

Manhattan Gas-Light Company stock, . 

Metropolitan Gas-Light Company stock, 

Brooklyn Gas-Light Company stock, 

Manhattan Bank stock, .... 

Bank of America stock, .... 

Nassau Bank (Brooklyn), 

Rensselaer and Saratoga Railroad stock, 

Stockton City bonds, .... 

New York City bonds, .... 

United States bonds, .... 

Atlantic Mutual Insurance Company scrip, 



$100,000 00 



140,000 00 



y 18,500 00 16,000 00 



135,000 00 
110,000 00 

9,000 oo y 

16,000 00 
5,000 00^ 
15,000 00 
6,500 00 
10,000 00" 
7,000 00 
8,000 00 
48,000 00 J- 
19,000 00 
12,000 00 
2,500 00^ 
10,000 00] 
25,000 00 f- 
90,000 00J 

6,000 00 

31,000 00 

168,000 00 

54,000 00 



230,000 00 



12,000 00 
5,000 00 



85,000 00 



50,000 00 

3,000 00 

25,000 00 

156,000 00 

41,200 00 



$1,099,500 00 $863,200 00 



* Estimated for the purpose of temporary security. 



1877.] 



INS. CO'S. OF OTHER STATES. 



193 



Summary of Assets, Dec. 31, 1877. 

, $250,000 00 
10,565,958 00 
, 863,200 00 
, 555,364 02 
1,764,393 63 



Cash value of unencumbered real estate, 
Stocks, bonds, etc., as per schedule, 
Loans on collateral security, as per shedule, 
Cash deposited in various banks, . 
Notes taken for marine and inland risks, 



Salvage on losses paid, 
Gross Assets, . 



367,436 01 



414,366,351 66 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported , 

disputed or resisted, . 
Unearned premiums on outstanding risks, 
Unpaid scrip ordered to be redeemed, . 
Beturn premiums, 

Other demands, ..... 
Gross Liabilities, except Scrip, 

Surplus as regards Policy-holders, . 
Scrip outstanding, .... 



$103,014 93 

1,411,163 38 

272,000 00 

1,848,697 36 

180,000 00 

133,879 21 

47,775 87 



- 3,996,530 75 

$10,369,820 91 
. 8,140,090 00 



Surplus over Scrip, 



. $2,229,730 91 



Income. 

Cash received for marine and inland prem's, $4,808,477 10 
Deduct re-insurance, rebate, and return prem's, 575,789 66 

Net cash received for marine and inl'd prem's, 

Unpaid premium notes rec'd during the year, $2,014,393.63. 
Interest and dividends received from all sources, 

Income from rents, $16,625 00 

from other sources, .... 48,827 53 



Gross Cash Income, 



:,232,687 44 
722,050 95 

65,452 53 
i,020,190 92 



Expenditures. 

Cash paid for marine and inland losses, 
Interest paid scrip-holders, .... 
Cash paid for redemption of scrip, 

paid for commissions and brokerage, 
paid for salaries of officers and employees, 
paid for State and local taxes, 
paid for office and incidental expenses, 

Gross Cash Expenditures, 
25 



12,565,890 27 

535,314 00 

2,504,900 00 

29,370 93 

383,906 84 

26,306 88 

26,698 65 

$6,072,387 57 



194 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Risks and Premiums. 

Premiums. 

Marine risks outstanding Dec. 31, 1876, $89,490,309 00 $2,040,362 61 
written during 1877, . 271,734,892 00 4,710,665 83 



Total, $361,225,20100$6,751,028 44 

Deduct risks expired and terminated, . 291,483,639 00 4,902,33108 



In force at end of year, 



,741,562 00$1,848,697 36 



BUFFALO INSURANCE COMPANY, BUFFALO, N.Y. 

[Incorporated July 15, 1874. Commenced, business July 17, 1874.] 
Paid-up Capital, $200,000. 

Pascal P. Pratt, President. Secretary, Edward B. Smith. 

Office, No. 44 Main Street. 
Attorney to accept service, Edward Stearns, Boston. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, $200,000 00 $212,000 00 



Summary of Assets, Dec 

Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, . 

deposited in various banks, 
Interest due and accrued, 
Premiums in course of collection (net), . 
Notes taken for marine and inland risks, 
Salvage on losses paid, . . . 

Gross Assets, ..... 

Liabilities. 

Losses claimed and reported, . 
disputed or resisted, 

Total amount of losses, . 
Less re-insurance, . 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Gross Liabilities except Capital, 

Surplus as regards Policy-holders, 
Paid-up Capital, .... 



31, 1877. 

$212,000 00 

333 19 

70,792 01 

1,700 00 

6,440 71 

10,573 91 

9,739 54 



Surplus over Capital, 



$29,576 24 
1,200 00 



$311,579 36 



30,776 24 
12,591 26 

$18,184 98 
46,613 77 



64,798 75 

. $246,780 61 
. 200,000 00 



,780 61 



1877.] 



INS. CO'S. OF OTHER STATES. 



195 



Income. 

Cash received for fire premiums, . . . $93,509 60 
Deduct re-insurance, rebate, and return prem's, 13,310 74 



Net cash received for fire premiums, 
Cash received for marine and inland prem's, 
Deduct re-insurance, rebate, and return prem 
Net cash received for marine and inl'dprem' 
Unpaid prem. notes rec'd during year, $17,01 
Interest and dividends rec'd from all sources 
Income from old accounts collected, 


. $149,740 78 
's, 63,794 90 

n 


$80,198 86 

85,945 88 

13,844 15 
367 50 


°5 

4 62 

> • * • • 

• • • • 

. $61,564 42 

4,486 ^7 


Gross Cash Income, 

Expenditures 

Cash paid for fire losses, .... 

Deduct salvage and re-insurance, . 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, . 

Deduct salvage and re-insurance, . 

Net cash paid for marine and inland losses, 

Cash paid for commissions, brokerage, and e 
for salaries of officers and employ 
for State and local taxes, 


$180,356 39 

57,078 15 

56,877 51 
20,000 00 
30,405 77 
12,341 43 
4,053 78 


. $97,105 67 
. 40,228 16 


xpenses, . 
ees, . 

JMS. 

$8,348,804 00 
9,906,934 00 


Gross Cash Expenditures, 

Risks and Premii 

Fire risks outstanding Dec. 31, 1876, 
written during 1877, 


$180,756 64 

Premiums. 

$95,809 78 
95,694 64 


Total, 

Deduct risks expired and terminated, 


$18,255,738 00 
10,201,016 00 


$191,504 42 
103,594 07 


In force at end of year, . 
Deduct amount re-insured, 


$8,054,722 00 
170,620 00 


$87,910 35 
1,905 07 


Net amount in force, 

Marine risks outstanding Dec. 31, 1876, . 
written during 1877, . 


$7,884,102 00. 

$67,900 00 
24,834,124 00 


$86,005 28 

$2,821 75 
154,563 79 


Total, . . ... 
Deduct risks expired and terminated, 


$24,902,024 00 
24,709,206 00 


$157,385 54 
147,692 85 


In force at end of year, .... 
Deduct amount re-insured, 


$192,818 00 
44,147 00 


$9,692 69 
2,457 75 


Net amount in force, . . . 


$148,671 00 


$7,234 94 



196 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent), . 
Losses incurred during the year, ..... 
Company's stock owned by directors, . . 



$613,893 29 

317,541 34 

60,000 00 

20,000 00 

127,997 35 

118,000 00 



BUFFALO GERMAN INSURANCE COMPANY, BUFFALO, N.T. 

[Incorporated Feb. 15, 1867. Commenced business Feb. 16, 1867.] 
Paid-up Capital, $200,000. 

Philip Becker, President. Secretary, Oliver J. Eggert. 

Office, Room 1, Company' 's Building, Buffalo. 

Attorney to accept service, James Swords, Boston. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, $191,350 00 $200,863 87 

Buffalo city water bonds, .... 25,000 00 27,500 00 

Toledo " " 3,000 00 3,300 00 

Lake Shore and Mich. Southern R. R. bonds, 25,000 00 25,000 00 

Buffalo, N. Y. and P. R. R. bonds, . . 25,000 00 21,250 00 

Citizens' Gas Light Co. 1st mortgage bonds, . 10,000 00 10,000 00 

iEtna Insurance Co. (N. Y.) stock, . . 10,000 00 10,000 00 

City warrants, " . 296 40 296 40 



Securities held as collateral for cash loans 



$289,646 40 $298,210 27 



Market value. Loaned tbereon. 



50 shares Third National Bank, . . . $5,000 00 > ^^ ™~ ™ 

6 " German Bank, .... 6,00000) 

Citizens' Gas Light Co., first mortgage bonds, 5,300 00 ) . ~™ ~~ 

23 shares Buffalo, N. Y. and P. R. R., . . 1,650 00 \ 

Buffalo, N. Y. and P. R. R. bonds, . . 2,550 00 \ 2 75Q QQ 

Cherry Creek .bonds, 1,000 00 i" 

Town of Eden bonds, 5,000 00 2,000 00 



$26,500 00 $18,750 00 

Summary of Assets, Dec. 31, 1877. 

Cash value of unencumbered real estate, . $275,000 00 

Loans on mortgage of real estate (first liens *), 35,150 00 

* Value of lands mortgaged $58,145 00 

Value of buildings thereon, 63,825 00 



Total value of property mortgaged, .... $121,970 00 
Amount of insurance held as collateral, . . . 42,550 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



197 



Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Loans on collateral security, as per schedule. 
Cash in the office of the company, . 
deposited in various banks, . 
Interest due and accrued, . . . 
Premiums in course of collection (gross) , 
Rents due and accrued, .... 
Gross Assets, 



$367 50 

298,210 27 

18,750 00 

2,822 54 

46,449 10 

1,758 91 

23,330 95 

234 99 



-1702,074 26* 



Liabilities. 



Losses adjusted, unpaid, 

claimed and reported, 
disputed or resisted, 

Total amount of losses, 
Less re-insurance, . 



Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, 
Paid-up Capital, .... 

Surplus over Capital, 

Income 



$1,663 05 
9,150 00 
2,405 00 

$13,218 05 
2,500 00 

$10,718 05 

106,148 11 

3,411 60 



Cash received for fire premiums, . . . $219,326 85 

Deduct re-ins., rebate, and return prem's, . 19,784 88 

Net cash received for fire premiums, 

Unpaid premium notes rec'd during the year, $26 00 

Interest received on bonds and mortgages, 

Interest and dividends received from all other sources, 



120,277 76 



. $581,796 50 
. 200,000 00 

. $3S1,796 50 



Income from all other sources, viz., rents, . $11,583 37 ) 
from commissions, . . . . 1,602 14 y 

Gross Cash Income, ...... 



$199,541 97 

2,759 27 
17,399 06 

13,185 51 

$232,885 81 



Expenditures. 



Cash paid for fire losses, 
Deduct salvage and re-irisurance, 
Net cash paid for fire losses, . 
Cash dividends paid, 



$110,158 86 
4,032 25 



$106,126 61 
30,000 00 



* Including $119,280 Special Reserve Fund, held under New York law. 



198 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

Cash paid for commissions and brokerage, .... $32,87492 

for salaries of officers and employees, . . . 12,734 83 

State and local taxes, . ..... 3,378 29 

for expenses on real estate, . . $7,036 61 ■* -. „ 04 k 40 
for office, agency, and incidental exp., 9,808 87 ) 

Gross Cash Expenditures, . $201,960 13 

Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1876, . $22,901,596 00 $239,393 16 
written during 1877, . . 24,341,722 00 220,043 93 



Total, $47,243,318 00 $459,437 09 

Deduct risks expired and terminated, . 24,944,634 00 246,809 41 



In force at end of year, .... $22,298,684 00 $212,627 68 
Deduct amount re-insured, . . . 397,105 00 3,636-32 



Net amount in force, . $21,901,579 00 $208,991 36 

Miscellaneous. 

Premiums received from organization of company, . $1,523,269 65 
Losses paid from organization of company, .... 602,011 28 
Cash dividends declared from organization of company, . 225,925 00 
Dividends declared during the year (15 per cent.), . . 30,000 00 

Losses incurred during the year, 96,629 00 

Company's stock owned by directors, ..... 59,000 00 



CITIZENS' INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated April, 1836. Commenced business April, 1837.] 
Paid-up Capital, $300,000. 

James M. McLean, President. Secretary, Edward A. Walton. 

Office, No. 156 Broadway. 
Attorney to accept service, William H. Ellison, Boston. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, ..... $325,000 00 $355,625 00 

Virginia State bonds, 30,000 00 14,700 00 

South Carolina State bonds, .... 11,20000 3,36000 

Lake Shore and Mich. Southern R.R. bonds, . 50,000 00 54,500 00 

Union Trust Company stock, .... 10,000 00 12,000 00 

Citizens' National Bank stock, . . . 24,500 00 24,500 00 

Harlem Bank stock, 2,500 00 625 00 



$453,200 00 $465,310 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



199 



Securities held as collateral for cash loans : — 

Market value. 

Manhattan Life Insurance Company stock, . $12,500 00 

Citizens' National Bank stock, . . . 1,250 00 

Butchers and Drovers' National Bank stock, . 1,550 00 

Lake Shore and Mich. Southern R.R. bonds, . 21,800 00 

" » " " stock, . 3,100 00 

Western Union Telegraph stock, . . . 54,600 00 

Bank of the Metropolis stock, . . . 4,000 00 

N. Y. Central and Hudson River R.R. stock, . 31,800 00 

Metropolitan Gas-Light Company stock, . 13,000 00 

Union Trust Company stock, .... 18,000 00 

" " " . . . . 7,200 00 

United States bonds, 11,705 00 

Missouri State bonds, 4,200 00 

Third Avenue Railroad bonds, . . . 1,000 00 

New York and Harlem Railroad bonds, . . 48,000 00 



Loaned thereon. 

$4,000 00 
1,000 00 

I 20,600 00 

l 45,000 00 
3,000 00 

I 31,000 00 

5,850 00 

6,500 00 

3,500 00 

800 00 

40,000 00 



$233,705 00 $161,250 00 



Summary of Assets, Dec. 31, 1877. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Loans on collateral security, as per schedule, . 
Cash deposited in various banks, 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, ..... 
Premiums more than 3 mos. due, . $1,057 48 
Gross Assets, ...... 



$94,317 46 

143,250 00 

3,450 13 

465,310 00 

161,250 00 

25,995 65 

1,558 17 

11,624 52 

737 50 



$907,493 43 



Liabilities. 

Losses claimed and reported, .... $10,620 00 

Unearned premiums on outstanding risks, . 122,467 26 

Dividends to stockholders unpaid, . . . 300 80 

Due and accrued for rent, salaries, etc., . . 1,594 30 



* Value of land mortgaged, 
Value of buildings thereon, 



Total value of property mortgaged, 
Amount of insurance held as collateral, 



$183,000 00 
149,000 00 

$332,000 00 
101,450 00 



200 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Commissions and brokerage, .... $ 1,340 81 
Return premiums, ...... 300 00 

Gross Liabilities, except Capital and Scrip, 



$136,623 17 



Surplus as regards Policy-holders, $770,870 26 

Paid-up Capital, $300,000 00 

Scrip outstanding, issued to stockholders, . 150,000 00 

450,000 00 



Surplus over Capital and Scrip, $320,870 26 

Income. 

Cash received for fire premiums, . . . $236,467 76 

Deduct re-ins., rebate, and return premiums, . 23,459 16 

Net cash received for fire premiums, . . $213,008 60 

Interest received on bonds and mortgages, . . . . 13,596 90 

Interest and dividends received from all other sources, . . 33,030 32 

Income from rents, . . . . . $3,832 51 

from all other sources, . . . 1,043 63 

4.876 14 



Gross Cash Income, $264,511 96 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and re-insurance, . 

Net cash paid for fire losses, . 

Cash dividends paid, .... 

paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 

Gross Cash Expenditures, .... 



,159 74 
1,837 51 



$85,322 23 
70,363 70 
19,490 32 
54,011 11 
3,359 75 
18,937 03 

$251,484 14 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 



Risks and Premiums. 

Premiums. 

843,413,760 82 $265,470 65 
46,994,158 33 240,702 49 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



$90,407,919 15 $506,173 14 
46,605,496 38 257,249 43 



$43,802,422 77 $248,923 71 
1,092,951 33 7,051 23 



$42,709,471 44 $241,872 48 



1877.] 



INS. CO'S. OF OTHER STATES. 



201 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (23^ per cent.), 
Losses incurred during the year, ..... 
Company's stock owned by directors, .... 



$5,347,827 53 

2,360,770 09 

1,297,050 00 

70,500 00 

82,355 35 

69,760 00 



CITIZENS' INSURANCE COMPANY, ST. LOUIS, MO. 

[Incorporated Feb. 2, 1837. Commenced business February, 1837.] 
Paid-up Capital, $200,000. 

E. O. Stanard, President. Secretary, John P. Harrison. 

Attorney to accept service, George O. Carpenter, Boston. 



Detailed Statement of Stocks, Bonds, Etc. 



Missouri state bonds, 6s, 

St. Louis Elevator bonds, 

St. Louis Chamber of Commerce bonds, 

Second National Bank stock, . 

Yaeger Milling Co. stock. 

No. Mo. R. R. 1st mort. bonds, 

Mo. Pacific R. R. mort. bonds, 



Par value. 

$115,000 00 
60,000 00 
22,000 00 
2,000 00 
12,800 00 
100,000 00 
30,000 00 



Market value. 

$122,440 00 

61,800 00 

22,880 00 

1,000 00 

15,259 00 

103,500 00 

30,000 00 



$341,800 00 $356,879 00 



Summary of Assets, Dec. 31, 1877. 

Cash value of unencumbered real estate, . $20,900 00 

Loans on mortgage of real estate (first liens *), 17,200 00 

Interest accrued thereon, . . . . 528 00 

Stocks, bonds, etc., as per schedule, . . . 356,879 00 

Cash in the office of the company, . . . 895 13 

deposited in Commercial National Bank, 3,818 47 

Premiums in course of collection (net) . . 17,509 21 

Gross Assets, . . . . . . 



$417,729 81 



* Value of land mortgaged, $15,000 00 

Value of buildings thereon 20,000 00 

Total value of property mortgaged $35,000 00 

Amount of insurance held as collateral, ...... 13,000 00 

26 



202 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

Liabilities. 



$9,836 00 
8,760 00 
1,450 00 

61,873 50 



,919 50 



Losses adjusted, unpaid, . . . 

claimed and reported, . 
disputed or resisted, 
Unearned premiums on outstanding risks, 
Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, . . . . . $335,810 31 
Paid-up Capital, 200,000 00 

Surplus over Capital, $135,810 31 



Income. 

Cash received for fire premiums, . . . $134,617 87 

Deduct re-insurance, rebate, and return prem's, 3,060 67 

Net cash received for fire premiums, . . 

Cash received for marine and inland prem's, . $6,894 40 

Deduct re-insurance, rebate, and return prem's, 1,758 56 

Net cash received for marine and inl'd prem's, 

Interest and dividends rec'd from all sources, 



Gross Cash Income, 



$131,557 20 



5,135 84 
26,035 77 



. $162,728 81 



Expenditures. 

Cash paid for fire losses, .... 

Cash paid for marine and inland losses, . 
Cash dividends paid, . 

paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for office, agency, and incidental expenses, 

Gross Cash Expenditures, .... 



,007 13 

611 94 

19,985 00 

25,927 97 

10,000 00 

6,468 88 

7,910 24 

$168,911 16 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 



Risks and Premiums. 

Premiums. 

$10,717,422 00 $177,193 77 
10,520,370 00 134,617 87 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 



$21,237,792 00 $311,811 64 
13,017,168 00 187,637 72 



5,220,624 00 $124,173 92 
69,180 00 672 00 



Net amount in force, 



,151,444 00 $123,501 92 



1877.] INS. CO'S. OF OTHER STATES. 



203 



Marine risks outstanding Dec. 31, 1870, . . $4,000 00 850 00 

written during 1877, . . . 954,341 00 6,894 40 

Total, $958,341 00 $6,944 40 

Deduct risks expired and terminated, . . 948,941 00 6,854 40 

In force at end of year, $9,400 00 $90 00 

Miscellaneous. 

Losses paid from organization of company, . . . $2,385,755 00 

Cash dividends declared from organization of company, . 585,798 00 

Dividends declared during the year (10 per cent.), . . 20,000 00 

Losses incurred during the year, 97,587 00 

Company's stock owned by directors, 93,300 00 



CITY FIRE INSURANCE COMPANY OF THE CITY OF NEW YORK, 

NEW YORK. 

[Incorporated April 26, 1833. Commenced business June 6, 1833.] 

Paid-up Capital, $210,000. 

Samuel Townsend, President. Secretary, David J. Blauvelt. 

Office, No. Ill Broadway. 
Attorney to accept service, William A. Beattie, Boston. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

1700 shares Tradesmen's National Bank, . $68,000 00 $85,000 00 

200 « N.Y. Central and H. R. Railroad, 20,000 00 21,300 00 

United States bonds, ... . 75,000 00 79,656 25 

$163,000 00 $185,956 25 

Summary of Assets, Dec. 31, 1877. 

Cash value of unencumbered real estate, . . SI 1,000 00 

Loans on mortgage of real estate (first liens *), 203,600 00 

Interest due or accrued thereon, . . . 5,818 75 

Stocks, bonds, etc., as per schedule, . . 185,956 25 

Cash in the office of the company, . . . 498 44 

deposited in various banks, . . . 9,473 70 

Interest due and accrued, .... 3,803 33 

Premiums in course of collection (gross) , . 1,503 60 
Premiums more than 3 months due, $103 48 

Gross Assets, $421,654 07 

* Value of lands mortgaged, $205,700 00 

Value of buildings thereon, 190,500 00 

Total value of property mortgaged, $396,200 00 

Amount of insurance held as collateral, .... 189,800 00 



204 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Liabilities. 

Losses claimed and reported, . 

Less re-insurance, ..... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc, . 
Commissions and brokerage, . 
Re-insurance, etc., ..... 
Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, . 
Paid-up Capital, ..... 

Surplus over Capital, 



1,678 00 
479 00 



$6,109 00 


24,909 


34 


891 


66 


109 


26 


77 


30 



$32,186 56 

. $389,467 51 
. 210,000 00 



. $179,467 51 



Income. 

Cash received for fire premiums, . . . $49,225 28 
Deduct re-insurance, rebate, and return prem's, 1,599 53 

Net cash received for fire premiums, . . 

Interest received on bonds and mortgages, .... 

Interest and dividends received from all other sources, . 
Income from rents, ...... $100 00 

from profit on bonds sold, . . .. 1,316 87 



Gross Cash Income, ........ 

Expenditures. 

Cash paid for fire losses, $13,934 03 

Deduct salvage and re-insurance, ... 31 33 

Net cash paid for fire losses, .... 

Cash dividends paid, ...... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for rent, loss on sale of investments, etc., 

Gross Cash Expenditures, .... 

Risks and Premiums. 



$47,625 75 
16,910 68 
11,875 43 



1,416 87 

$77,828 73 



$13,902 70 
36,000 00 

3,849 71 
14,222 52 

5,630 97 
12,565 93 

$86,171 83 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, . . . 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



Premiums. 

$12,560,147 50 $56,873 43 
13,101,899 36 48,308 50 



^25,662,046 86 $105,181 93 
14,871,643 22 56,329 14 



$10,790,403 64 $48,852 79 
155,250 00 588 00 



$10,635,153 64 $18,264 79 



1877.] 



INS. CO'S. OF OTHER STATES. 



205 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, .' 
Cash dividends declared from organization of company, 
Dividends declared during the year, .... 
Losses incurred during the year, ..... 
Company's stock owned by directors, .... 



$2,745,156 42 

1,271,967 01 

1,554,300 00 

36,000 00 

20,101 70 

44,870 00 



CLINTON" FIRE INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated July, 1850. Commenced business July 11, 1850.] 
Paid-up Capital, $250,000. 

James B. Ames, President. Secretary, G. T. Patterson, Jr. 

Office, No. 156 Broadway. 
Attorney to accept service, J. J. E. Rothery, Boston. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

. $220,000 00 $241,750 00 
30,000 00 30,000 00 



United States bonds, ..... 
Delaware and Hudson Canal Co. bonds, . 
100 shares Central Railroad, N. J. , 
300 " New York Central and H. R. R. R., 

100 " American Exchange Nat'l Bank, . 
85 " Merchants' National Bank, . 



10,000 00 

30,000 00 

10,000 00 

4,250 00 



1,350 00 
31,800 00 
10,600 00 

4,590 00 



$304,250 00 $320,090 00 



Securities held as collateral for cash loans : — 



United States coupon bonds, 1867, . 
35 shares Grocers' Bank, New York, 
16 " Home Insurance Co., New York, 
United States coupon bonds, 1867, . 
[ 40 shares Fourth National Bank, N.Y., 
100 " Mechanics' Nat'l Bank, N.Y., 
20 « ' Relief Insurance Co. , N. Y. , 
20 " Safeguard Insurance Co., N.Y., 
80 " Broadway Bank, 
United States coupon bonds, 18S1, 



Market value. Loaned thereon. 

$3,000 00 $1,500 00 

1,400 00 1,200 00 

1,700 00 1,000 00 

5,400 00^ 

3,920 00 

3,325 00 J- 14,000 00 

750 00 

2,500 00^ 

4,000 00 3,000 00 

1,050 00 1,000 00 



^27,045 00 $21,700 00 



206 



FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Summary of Assets, Dec. 31, 1877. 



Loans on mortgage of real estate (first liens *), 

Interest due or accrued thereon, 

Stocks, bonds, etc., as per schedule, 

Loans on collateral security, as -per schedule, 

Cash in the office of the company, . 

deposited in Amer. Exch. Nat'l Bank, 
Interest due and accrued, 
Premiums in course of collection (gross), 
Salvage on losses paid, .... 
Gross Assets, ..... 



$50,400 00 

819 00 

320,090 00 

21,700 00 

386 87 

48,638 70 

239 91 

6,287 60 

1,753 63 



$450,315 71 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, . 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc. , 
Commissions and brokerage, . 
Return premiums, .... 
Re-insurance, ..... 
Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, 
Paid-up Capital, .... 



Surplus over Capital, 



Income 



}15,592 00 
150 00 

43,677 36 

1,000 00 

785 94 

162 60 

783 77 



62,151 67 

$388,164 04 
250,000 00 

$138,164 04 



Cash received for fire premiums, . . . $104,216 86 
Deduct re-insurance, rebate, and return prem's, 8,402 84 

Net .cash received for fire premiums, . . $95,814 02 

Interest received on bonds and mortgages, .... 5,850 50 

and dividends received from all other sources, . 20,019 96 

Income from premium on gold, . . .... 374 63 

Gross Cash Income, $122,059 11 



Expenditures. 

Cash paid for fire losses, .... $41,754 74 

Deduct salvage and re-insurance, . . . 8,034 44 

Net cash paid for fire losses, .... $33,720 30 

Cash dividends paid, 45,000 00 

* Value of lands mortgaged $65,000 00 

Value of buildings thereon, 53,000 00 

Total value of property mortgaged, $118,000 00 

Amount of insurance held as collateral, .... 43,600 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



207 



Cash paid for commissions and brokerage, 

paid for salaries of officers and employees, . 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 

Gross Cash Expenditures, .... 

Risks and Premiums. 



$11,865 33 

20,933 06 

2,979 52 

11,245 80 

$125,744 01 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, ..... 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 



Net amount in force, 



$16,269,027 00 
18,254,525 00 



Premiums. 

$98,096 01 

100,762 91 

$198,858 92 

108,069 32 

$90,789 60 

3,592 18 

$16,379,022 00 $87,197 42 



$34,523,552 00 
17,456,053 00 

$17,067,499 00 
688,477 00 



Miscellaneous. 



Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (18 per cent.), 

Losses incurred during the year, 

Company's stock owned by directors, .... 



>2,233,629 62 

851,733 52 

890,500 00 

45,000 00 

47,910 23 

83,200 00 



COLUMBIA FIRE INSURANCE COMPANY, NEW YORK. 

[Incorporated March 24, 1853. Commenced business March 24, 1853.] 
Paid-up Capital, $300,000. 

George W. Savage, President. Secretary, John B. Arthur. 

Office, No. 59 Liberty Street. 

Attorney to accept service, Edward Stearns, Boston. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

$180,000 00 $192,548 59 
44,000 00 33,440 00 



United States bonds, 

District of Columbia bonds, 3.65, . 

Tennessee State bonds, 6s, . 

Brooklyn Park improvement bonds, 6s, 

New York city floating debt bond, 6s, 

Brooklyn AVater bond, 6s, 

New York County Court-house loan, 6s, 

New York County assessment fund, 

Queens County bounty bond, . 



20,000 00 

13,000 00 

500 00 

10,000 00 

3,000 00 

1,000 00 

1,000 00 



6,800 00 

13,650 00 

525 00 

10,500 00 

3,150 00 

1,050 00 

1,050 00 



$272,500 00 $262,713 59 



208 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Securities held as collateral for cash loans : 

500 shares People's Gas Light Company, 
People's Gas Light Company certificate, 
22 shares American Fire Insurance Company, 
Albany and Susq. Railroad, 2d mort. bonds, 
United States bonds, 5-20, . 
40 shares Manhattan Gas Light Company, 
25 " shares Mutual Gas Light Company 
390 " Grocers' Bank, 

10 " Star Insurance Company, 
Union Pacific Railroad, 1st mortgage bonds, 
United States 10-40 bonds, . 



Market value. Loaned thereon. 



. $2,250 00 \ 

800 00 C 

1,595 00) 




$3,000 00 




1,050 00 


400 00 


10,600 00 


8,000 00 


4,000 00 7 
', 2,375 00 i" 


4,000 00 


12,000 00 > 
1,250 00 > 


10,000 00 


1,050 00 


250 00 


10,700 00 


10,000 00 


$47,670 00 


135,650 00 



Summary of Assets, Dec. 31, 1877. 

Loans on mortgage of real estate (first liens *), $27,350 00 

Interest accrued thereon, .... 361 96 

Stocks, bonds, etc., as per schedule, . . 262,713 59 

Loans on collateral security, as per schedule, . 35,650 00 

Cash in the office of the company, . . . 930 15 

deposited in Grocers' National Bank, . 1,685 79 

Interest due and accrued, .... 479 83 

Premiums in course of collection (net), . . 7,227 00 

Re-insurance due, 1,500 00 

Gross Assets, $337,898 32 



Liabilities. 

Losses claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Due and accrued for rent, 

Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, 
Paid-up Capital, .... 

Impairment of Capital, . 



$10,967 75 

2,500 00 

39,992 41 

541 66 



54,001 82 



$283,896 50 
300,000 00 

$16,103 50 



* Value of lands mortgaged, $35,000 00 

Value of buildings thereon, 40,000 00 

Total value of property mortgaged, ; $75,000 00 

Amount of insurance held as collateral, .... 35,00000 



1877.] 



INS. CO'S. OF OTHER STATES. 



209 



Income. 
Cash received for fire premiums, 
Deduct re-insurance, rebate, and return prem's, 

Net cash received for fire premiums, . . 

Interest received on bonds and mortgages, 

Interest and dividends received from all other sources, . 



,877 91 
13,359 76 



$77,518 15 

1,938 82 

15,546 63 



Gross Cash Income, . $95,003 60 



Expenditures. 

Cash paid for fire losses, 

Cash dividends paid, . . . 
Cash paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 

bad debts, old inland marine expenses, etc., . 



$38,541 73 

15,000 00 

10,639 38 

17,058 00 

2,361 11 

9,883 40 

6,837 21 



Gross Cash Expenditures, $100,320 83 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, . 



Risks and Premiums. 

Premiums. 

$11,797,222 00 $77,374 50 
11,092,900 00 88,986 70 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



^22,890,122 00 $166,361 20 
12,922,349 00 86,542 52 



• ,967,773 00 $79,818 68 
425,915 00 2,096 06 



1,541,858 00 $77,722 62 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (5 per cent.), 

Losses incurred during the year, 

Company's stock owned by directors, . . 



£2,981,889 00 

1,800,473 00 

455,000 00 

15,000 00 

47,655 99 

140,790 00 



210 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



COMMERCE INSURANCE COMPANY, ALBANY, N.Y. 

[Incorporated June 1, 1859. Commenced business June 1, 1859.] 

Paid-up Capital, $200,000. 

Adam Van Allen, President. Secretary, Richard V. De Witt. 

Attorney to accept service, Thomas Mair, Boston. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value 

United States registered cur. bonds, 
200 shares First National Bank, Albany, 



$200,000 00 $239,000 00 
20,000 00 30,000 00 



150 " 

80 " 

50 " 

29 " 



Nat'l Commercial Bank, Albany, 
National Albany Exchange Bank, 
Union National Bank, Albany, 
N. Y. State Nat'l Bank, Albany, 



15,000 00 
8,000 00 
5,000 00 
2,900 00 



37,500 00 

10,000 00 

6,000 00 

4,350 00 



$250,900 00 $326,850 00 



Securities held as collateral for cash loans : — 



40 shares First National Bank, Albany, . 
Hartford Fire Ins. Co., Hartford, 
First National Bank, Albany, . 
National Express Company, 
First National Bank, Albany, . 



35 


u 


10 


a 


14 


u 


10 


u 



Market value. Loaned thereon. 

$6,000 00 $5,000 00 

7,525 00 

1,500 00 

1,540 00 

1,500 00 



3,500 00 
2,400 00 

1,000 00 



$18,065 00 $11,900 00 



Summary of Assets, Dec. 31, 1877. 



Cash value of unencumbered real estate, . 
Stocks, bonds, etc., as per schedule, 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 

deposited in First National Bank, . 

Interest due and accrued, 

Premiums in course of collection (gross), 

Rents due and accrued, .... 

Gross Assets, 



$40,000 00 

326,850 00 

11,900 00 

971 51 

23,468 17 

833 33 

3,101 33 

173 33 



$407,297 67 



Liabilities. 

Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Gross Liabilities, except Capital, . 

Surplus as regards Policy-holders, 
Paid-up Capital, .... 



Surplus over Capital, 



$6,950 00 

47,774 17 

76 76 



- 54,800 93 

. $352,496 74 
. 200,000 00 



. $152,496 74 



1877.] INS. CO'S. OF OTHER STATES. 

Income. 



211 



Cash received for fire premiums, 
Deduct re-insurance, rebate, and return prem's, 
Net cash received for fire premiums, 
Interest and dividends rec'd from all sources, 
Income from all other sources; viz., rents, 
Bankrupt dividend, .... 

Conscience money, ..... 



$94,692 18 
9,470 88 



$1,620 00 

115 02 

1,081 86 



$85,221 30 
18,881 24 



2,816 88 



Gross Cash Income, $106,919 42 



EXPENDITUEES. 

Cash paid for fire losses, $35,401 68 

Deduct salvage and re-insurance, . . . 1,456 36 

Net cash paid for fire losses, . 

Cash dividends paid, .... 

Cash paid for commission and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for office, agency, and incidental expenses, 

Gross Cash Expenditures, .... 



$33,945 32 

32,000 00 

12,209 97 

11,619 00 

3,297 16 

7,739 36 

$100,810 81 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 



Risks and Premiums. 

Premiums. 

. $10,185,928 00 $103,742 97 
10,623,141 00 94,692 18 



Total, ..... 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



$20,809,069 00 $198,435 15 
10,493,023 00 99,277 92 



$10,316,046 00 $99,157 23 
376,452 00 3,370 79 



,939,594 00 $95,786 44 



Miscellaneous. 

Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (16 per cent.), 
Losses incurred during the year, ..... 
Company's stock owned by directors, .... 



$2,895,898 00 

2,050,043 00 

442,000 00 

32,000 00 

36,830 00 

67,875 00 



212 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

COMMERCE FIRE INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated April 12, 1859. Commenced business April 18, 1859.] 
Paid-up Capital, $200,000. 

Duncan McDougall, President. Secretary, William E. Hoxie. 

Office, No. 176 Broadway. 
Attorney to accept service, Timothy T. Sawyer, Jun., Boston. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, $179,000 00 $200,686 25 



Summary of Assets, Dec. 31, 1877. 

Loans on mortgage of real estate (first liens *), $36,000 00 

Interest accrued thereon, .... 180 00 

Stocks, bonds, etc., as per schedule, . . 200,686 25 

Cash deposited in Leather Manuf. Nat'l Bank, 1,010 03 

Premiums in course of collection (gross), . 2,503 16 

Gross Assets, 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, . 
Unearned premiums on outstanding risks, 
Due and accrued for rent, 
Due for borrowed money, 
Commission and brokerage, 
Return premiums, .... 
Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, 
Paid-up Capital, 



Surplus over Capital, 



Income. 

Cash received for fire premiums, . . . $46,810 64 

Deduct re-insurance, rebate, and return prem's, 3,298 02 
Net cash received for fire premiums, 

Cash received for marine and inland prem's, . $200 00 

Deduct re-insurance, rebate, and return prems, 70 00 

Net cash received for marine and inland prem's, 



$2,975 00 

1,525 00 

21,317 81 

600 00 

11,500 00 

418 84 

34 52 



$240,379 44 



38,371 17 

$202,008 27 
200,000 00 

$2,008 27 



$43,512 62 



$130 00 



* Value of lands mortgaged, $60,000 00 

Value of buildings thereon, 65,000 00 

Total value of property mortgaged, $125,000 00 

Amount of insurance held as collateral, 20,000 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



213 



Interest received on bonds and mortgages, .... $2,430 00 
Interest and dividends received from all other sources, . . 10,316 25 

Gross Cash Income, $56,388 87 



Expenditures. 

Cash paid for fire losses, .... 

Cash dividends paid, ..... 
Cash paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, 
for all other items ; viz. , interest on 
borrowed money, $354.67 ; office, 
agency, and incidental expenses, 
$11,037.38, . . . 

Gross Cash Expenditures, 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, ..... 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 

Marine risks outstanding Dec. 31, 1876, 
written during 1877, . 

Total, ..... 
Deduct risks expired and terminated, 

In force at end of year, . . 



$19,362 30 

10,000 00 

3,935 85 

13,850 38 

1,618 87 



11,392 05 



. • • . . 

EMIUMS. 

$6,270,282 00 
. 7,397,693 00 


$60,159 45 

Premiums. 

$48,479 71 
47,385 47 


. $13,667,975 00 
8,093,487 00 


$95,865 18 
53,817 27 


$5,574,488 00 
25,000 00 


$42,047 91 

215 74 


$5,549,488 00 

$5,000 00 
15,000 00 


$41,832 17 

$100 00 
258 44 


. $20,000 00 
15,000 00 


$358 44 
258 44 



$5,000 00 $100 00 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (5 per cent.), . 
Losses incurred during the year, . ..... 

Company's stock owned by directors, .... 



$959,879 00 

560,785 00 

294,000 00 

10,000 00 

22,462 00 

62,200 00 



214 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

COMMERCIAL FIRE INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated May 15, 1850. Commenced business May 15, 1850.] 
Paid-up Capital, $200,000. 

M. Y. B. Fowler, President. Secretary, David Quackinbush. 

Office, No. 157 Broadway. 
Attorney to accept service, Augustus S. Lovett, Boston. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, $235,600 00 $275,978 25 



Brooklyn corporation bonds, . 
Long Island city water bonds, 
Flushing city water bonds, 
Elizabeth city water bonds, 
New York corporation bonds, 



33,000 00 
10,000 00 
12,000 00 
20,000 00 
1,000 00 



37,950 00 
10,000 00 
12,240 00 
19,808 00 
1,090 00 



$311,600 00 $357,066 25 



Securities held as collateral for cash loans : — 

Market value. Loaned thereon. 

Irving Bank stock, $1,250 00 $1,000 00 

Tradesmen's Fire Insurance Company stock, . 900 00 500 00 



£2,150 00 $1,500 00 



Summary of Assets, Dec. 31, 1877. 

Loans on mortgage of real estate (first liens*), $72,450 00 

Interest due or accrued thereon, . . . 702 62 

Stocks, bonds, etc., as per schedule, . . 357,066 25 

Loans on collateral security, as per schedule, . 1,500 00 

Cash deposited in Irving National Bank, . 21,513 34 

Interest due and accrued, .... 1,658 74 

Premiums in course of collection (gross), . 60,443 91 

Gross Assets, $515,334 86 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Dividends to stockholders unpaid, . 



$11,503 35 
8,020 00 

400 00 
118,894 60 

350 00 



* Value of lands mortgaged $80,500 00 

Value of buildings thereon, 119,500 00 

Total value of property mortgaged, $200,000 00 

Amount of insurance held as collateral 70,100 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



215 



Due and accrued for rent, salaries, etc., . 
Commissions and brokerage, . 
Return premiums, ..... 
Gross Liabilities, except Capital, • 

Surplus as regards Policy-holders, . 
Paid-up Capital, 



$775 00 

10,536 73 

52 08 



$150,531 76 

$364,803 10 
200,000 00 



Surplus over Capital, $164,803 10 



Income. 

Cash received for fire premiums, . . . $338,341 64 
Deduct re-ins., rebate, and return premiums, . 37,900 39 

Net cash received for fire premiums, . . 

Interest received on bonds and mortgages, ... 
Interest and dividends received from all other sources, . 

Gross Cash Income, 



$300,441 25 

5,486 92 

19,029 08 

$324,957 25 



Expenditures. 
Cash paid for fire losses, $203,349 81 

Deduct salvage and re-insurance, . . . 28,562 83 

Net cash paid for fire losses, . 

Cash dividends paid, .... 

paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 

Gross Cash Expenditures, . . . . 



$174,786 98 
49,650 00 
61,502 13 
20,966 66 
898 19 
20,113 15 

$327,917 11 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 



Risks and Premiums. 

Premiums. 

$37,960,146 83 $273,969 12 
45,680,775 70 348,960 41 



Total, ..... 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 



Net amount in force, 



$83,640,922 53 $622,929 53 
46,471,727 00 385,143 62 



$37,169,195 53 $237,785 91 
422,491 00 2,550 41 



$36,746,704 53 $235,235 50 



Miscellaneous. 



Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (25 per cent.), 

Losses incurred during the year, 

Company's stock owned by directors, . 



^3,268,126 64 

1,769,644 64 

740,000 00 

50,000 00 

211,337 62 

101,300 00 



216 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



COMMERCIAL MUTUAL INSURANCE COMPANY, NEW YORK, N. Y. 

[Incorporated April 14, 1842. Commenced business May, 1852.] 

Daniel Drake Smith, President. Secretary, Henry D. King. 

Office, Nos. 57 and 59 William Street. 
Attorney to accept service, Franklin S. Phelps, Boston. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds, 

American Exchange Bank stock, . 

Market Bank stock, 

Corn Exchange Bank stock, . 

Bank of the State of New York stock, 

Park Bank stock, .... 

Bank of New York stock, 

Gallatin National Bank stock, 

Continental Bank stock, 

Merchants' Bank stock, 

St. Nicholas Bank stock, 

Bank of Commerce stock, 

Bank of America stock, . 

Nassau Bank stock, 

Bank of North America stock, 

Mechanics' Banking Association stock, 

Brooklyn city water bonds, 

Newark city bonds, 

Louisville city bonds, 

Erie"Railroad bonds, 

Morris and Essex Railroad bonds, . 

"Warren Railroad bonds, 

Rome, W., and O. Railroad bonds, 

Houston and Gt. Northern Railroad bonds, 

Oakland and Ottawa Railroad bonds, 

Detroit and Milwaukee Railroad bonds, 

Resolute Fire Insurance Co. stock, 

Coast Wrecking Co. stock, 

Atlantic Mutual Insurance Co. scrip, 

Metropolitan Bank stock, 



Par value. 

$391,000 00 

20,000 00 

5,000 00 

4,000 00 

1,600 00 

10,000 00 

5,600 00 

5,000 00 

5,000 00 

9,250 00 

15,000 00 

5,400 00 

1,800 00 

5,000 00 

6,700 00 

10,000 00 

5,000 00 

13,000 00 

15,000 00 

15,000 00 

37,000 00 

12,000 00 

25,000 00 

2,000 00 

1,000 00 

1,280 00 

1,700 00 

4,500 00 

43,890 00 

600 00 



Market value. 

1383,000 00 

21,100 00 

5,100 00 

5,330 00 

1,920 00 

10,600 00 

6,328 00 

6,000 00 

3,750 00 

10,915 00 

12,000 00 

6,588 00 

2,520 00 

4,600 00 

5,025 00 

7,000 00 

5,300 00 

14,820 00 

15,750 00 

15,725 00 

36,330 00 

12,600 00 

17,500 00 

1,300 00 

900 00 

640 00 

1,020 00 

900 00 

44,633 70 

774 00 



$677,320 00 $659,968 70 



Securities held as collateral for cash loans : — 

United States bonds, 

Jersey city bonds, ...... 

100 shares Bergen County Gas Light Co., 



Market value. Loaned thereon. 

$7,435 00 $7,000 00 
4,400 00 3,000 00 
2,250 00 1,000 00 



$14,085 00 $11,000 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



217 



Summary of Assets, Dec. 31, 1877. 



Stocks, bonds, etc., as per schedule, 

Loans on collateral security, as per schedule, 

Cash deposited in various banks, 

Interest due and accrued, 

Premiums in course of collection (net), . 

Notes taken for marine and inland risks, 

Re-insurance due, .... $101 83 

Salvage claims, .... 7,077 00 

Scrip of other companies, . . 2,500 00 

Gross Assets, 



159,968 70 
11,000 00 
74,314 52 
2,242 75 
4,925 59 
98,513 66 



9,678 83 



$860,644 05 



Liabilities. 

Losses claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Unpaid scrip ordered to be redeemed, 
Interest due or accrued on scrip, 
Due and accrued for rent, salaries, etc., 
Re-insurance premiums due, . 
Return premiums, . ... 

Gross Liabilities, except Scrip, 



Surplus as regards Policy-holders, . 
Scrip outstanding, not ordered to be redeemed, 

Surplus over Scrip, .... 



,420 94 

3,100 00 

97,659 57 

9,554 20 

6,456 91 

500 00 

253 13 

3,737 59 



131,682 34 



. $728,961 71 
. 607,790 00 

. $121,171 71 



Income. 

Cash received for fire premiums, 

Deduct re-insurance, rebate, and return prem's, 

Net cash received for fire premiums, 

Cash received for marine and inland prem's, . 

Deduct re-insurance, rebate, and return prem's, 

Net cash rec'd for marine and inl'd prem's, . 

Unp'dprem. notes rec'd during year, $85,528 47 

Interest and dividends rec'd from all sources, 

Income from profits on bonds sold, etc., . 

Gross Cash Income, .... 
28 



$21,482 40 
2,052 93 

$217,227 37 
49,028 31 



$19,429 47 



- 168,199 06 

41,682 00 
18,264 92 

. $247,575 45 



218 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Expenditures. 

Cash paid for fire losses, 

Cash paid for marine and inland losses, . 

Deduct salvage and re-insurance, . 

Net cash paid for marine and inland losses, 

Interest paid scrip-holders, 

Cash paid for redemption of scrip, . 

for commissions and brokerage, 

for salaries of officers and employees, 

for office, agency, and incidental expenses, 

Loss by forgery of Wm. C. Gilman, 



$80,191 22 
10,909 11 



Gross Cash Expenditures, 



5,733 26 



69,282 11 

40,954 80 
146,790 00 
8,202 38 
29,511 68 
21,279 33 
57,241 30 

$381,994 86 



Risks and Premiums. 



Eire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, ..... 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, . 

Marine risks outstanding Dec. 31, 1876, 
written during 1877, . 

Total, ..... 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



$1,868,334 00 
4,992,703 00 

$6,861,037 00 
3,070,352 00 

$3,790,685 00 
202,315 00 



Premiums. 

$10,439 27 
22,924 64 

$33,363 91 
13,060 14 

$20,303 77 
909 86 



1, 588,370 00 $19,393 91 



$5,608,637 00 
14,178,804 00 

$19,787,441 00 
14,213,344 00 

$5,574,097 00 
133,279 00 



$85,531 02 
202,701 91 

$288,232 93 
204,963 53 



3,269 40 
5,913 60 



$5,440,818 00 $77,355 80 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Losses incurred during the year, . 
Scrip dividends declared during the year, 



$11,970,932 00 

. 6,984,797 52 

63,853 01 

69,080 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



219 



CONNECTICUT FIRE INSURANCE COMPANY, HARTFORD, CT. 

[Incorporated June, 1850. Commenced business July, 1850.] 
Paid-up Capital, $1,000,000. 

M. Bennett, Jr, President. Secretary, Charles R. Burt. 

Office, No. 64 Pearl Street. 
Attorney to accept service, Horace E. Darling, Boston. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds, 

Connecticut state bonds, 

New Britain city water bonds, 

Hartford city bonds, 

Columbus (Ohio) city bonds, . 

Middletown (Conn.) city bonds, 

Newark (Ohio) city bonds, 

Toledo Board of Education bonds, 

Erie (Penn.) consolidated bonds, 

Cin. and Indianapolis R.R. bonds, 

Michigan Central R.R. bonds, 

Chicago and Iowa R.R. bonds, 

Bur. and Mo. River R.R. bonds, 

N.Y., N.H., and H. R.R. bonds, 

Tiffin (Ohio) Gas Co. bonds, . 

Imp. and Traders' Nat'l Bank stock, N.Y., 

Fulton National Bank stock, N.Y., 

Farmers and Mech. Nat'l Bank stock, Hartford 

Nat'l Exchange Bank stock, Hartford, . 

Hartford Nat'l Bank stock, Hartford, 

First National Bank stock, Hartford, 

iEtna National Bank stqck, Hartford, 

Phoenix National Bank stock, Hartford, 

Charter Oak National Bank stock, Hartford, 

Boston and Albany R.R. stock, 

Pitts., Ft. Wayne, and Chicago R.R. stock, 

N.Y., N.H., and H. R.R. stock, . 



Securities held as collateral for cash loans 



N.Y., N.H., and H. R.R. Co. stock, 
N.Y., N.H., and H. R.R. Co. stock, 

Phoenix National Bank stock, . 
Conn. River Banking Co. stock, 
Hartford Trust Co. stock, 



Par value. 

$150,000 00 
16,000 00 
15,000 00 
16,000 00 
25,000 00 
20,000 00 

9,000 00 
10,000 00 
10,000 00 
10,000 00 
20,000 00 
20,000 00 
10,000 00 
40,000 00 
25,000 00 
23,800 00 

6,900 00 
18,800 00 
13,600 00 
30,000 00 
18,500 00 
10,000 00 
15,000 00 

9,300 00 

5,000 00 
10,000 00 
50,000 00 



Market value. 

$481,200 00 
17,280 00 
16,200 00 
16,640 00 
26,000 00 
20,900 00 

9,450 00 
10,800 00 
10,300 00 

9,300 00 
20,400 00 
12,000 00 
10,500 00 
46,000 00 
25,500 00 
47,600 00 
10,350 00 
21,620 00 
17,575 00 
46,500 00 
17,575 00 
12,000 00 
22,200 00 
11,625 00 

6,100 00 

9,300 00 
77,000 00 



$906,900 00 $1,031,915 00 



Market value. Loaned thereon. 



$54,780 00 

17,725 00 

7,400 00 

2,300 00. 

6,720 00 



$39,880 00 

14,500 00 

4,736 00 



220 



FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



State of Connecticut bonds, . 

Indiana Central R.R. Co. bonds, 

Hartford, Prov., and Fishkill R.R. Co. bonds 

Farmers and Mechanics' Nat'l bank stock, 

Case, Lockwood, and Brainard Co. stock, 

Hartford Bridge Co. stock, 

N.Y., N.H., and H. R.R. Co. stock, 

Middlesex County National Bank stock, 

U.S. Government bonds, 5-20s of 1865, 

National Exchange Bank stock, 

Pitts., Ft. Wayne, and Chicago R.R. Co. stock 

Connecticut Valley R.R. Co. bonds, 

Collins Co. stock, .... 

JEtna National Bank stock, 

Orient Insurance Co. stock, 

Connecticut Fire Insurance Co. stock, 

Hartford National Bank stock, 

iEtna Insurance Co. stock, 



$3,240 00 j 

1,000 oo y 

1,080 00 ) 
3,220 00 
7,000 00 
2,610 00 
2,325 00 
1,300 00 
1,060 00 
1,225 00 
1,000 00 
1,500 00 
1,800 00 
600 00 
450 00 
560 00 
1,850 00 
1,200 00 



$3,500 00 

2,000 00 
1,550 00 
1,480 00 

1,386 00 

1,000 00 
950 00 
800 00 
800 00 

1,042 00 
400 00 

400 00 

220 00 
193 77 



$121,975 00 $74,837 77 



Summary of Assets, Dec. 31, 1877. 
Loans on mortgage of real estate (first liens *) , $141,000 00 



Stocks, bonds, etc., as per schedule, 

Loans on collateral security, as per schedule, 

Cash in the office of the company, . 

deposited in various banks, 
Premiums in course of collection (net), 

Gross Assets, .... 
Special deposits in other States, (net), 



Balance, 



1,031,915 00 

74,837 77 

187 51 

97,388 82 

42,984 23 



-$1,388,313 33 
. f68,026 06 

$1,320,287 27 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Gross Liabilities, except Capital, 



$3,400 00 

12,875 00 

6,650 00 

216,956 63 



239,881 63 



Surplus as regards Policy-holders in this State, . $1,080,405 64 
Paid-up Capital, 1,000,000 00 



Surplus over Capital, 



,405 64 



* Value of lands mortgaged $223,800 00 

Value of buildings thereon, 181,400 00 



Total value of property mortgaged 

Amount of insurance held as collateral, .... 

t Deposits in other States for special protection of policy- 
holders of such States, 

Liabilities in such States, 



$405,200 00 
156,500 00 

$75,000 00 
6,973 94 

$68,026 06 



1877.] 



INS. CO'S. OF OTHER STATES. 



221 



Income. 

Cash received for fire premiums, . . . $397,975 26 
Deduct re-insurance, rebate, and return prem's, 41,060 26 

Net cash received for fire premiums, . . 

Interest received on bonds and mortgages, 

Interest and dividends received from all other sources, . 



Gross Cash Income, 



$356,915 00 

6,769 25 

69,691 97 

$433,376 22 



Expenditures. 

Cash paid for fire losses, .... 
Deduct salvage and re-insurance, . 
Net cash paid for fire losses, . 
Cash dividends paid, .... 
Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for office, agency, and incidental expenses, 



$182,979 09 
5,046 44 



$177,932 65 
60,000 00 
57,528 57 
21,322 80 
8,455 09 
34,071 44 



Gross Cash Expenditures, $359,310 55 



Fire risks outstanding Dec. 31,1876, 
"written during 1877, 



Risks and Premiums. 

Premiums. 

25,305,400 00 $299,991 88 
34,654,428 00 370,711 27 



Total, ..... 
Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount re-insured, 

Net amount in force, 



$59,959,828 00 $670,703 15 
22,184,374 00 248,023 60 



$37,775,454 00 $422,679 55 
1,436,218 00 13,796 27 



$36,339,236 00 $408,883 28 



Miscellaneous. 

Premiums received from re-organization of company, . 
Losses paid from re-organization of company, 
Cash dividends declared from re-organization of company, 
Dividends declared during the year (6 per cent.), . 

Losses incurred during the year, 

Company's stock owned by directors, .... 



$2,039,979 98 

952,112 85 

315,000 00 

60,000 00 

171,354 70 

203,600 00 



222 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

CONTINENTAL INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated November, 1852. Commenced business January, 1853.] 
Paid-up Capital, $1,000,000. 

George T. Hope, President. Secretary, Cyrus Peck. 

Office, Nos. 100 and 102 Broadway. 

Attorney to accept services, Albert Bowker, Boston. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. 

United States bonds, $650,000 00 $ 



Alabama State bonds, .... 
South Carolina State bonds, . 
Tennessee State bonds, .... 
250 shares American Exchange Nat'l Bank, 



69 

37 

35 

1200 

500 

250 

200 

100 

700 

175 

200 

200 

1000 

20 



Bank of America, .... 
Bowery National Bank, 
Dry Goods Bank, .... 
Mechanics' National Bank, . 
Merchants' National Bank, . 
Mercantile National Bank, . 
Metropolitan National Bank, 
Nassau Bank, .... 
Phenix National Bank, 
St. Nicholas National Bank, . 
Central Trust Company, 
Delaware and Hudson Canal Co., . 
New York and Harlem Railroad, . 
N. Y. Guar, and Indemnity Co. , . 



10,000 00 

11,500 00 

26,000 00 

25,000 00 

6,900 00 

3,700 00 

700 00 

30,000 00 

25,000 00 

25,000 00 

20,000 00 

10,000 00 

14,000 00 

17,500 00 

20,000 00 

20,000 00 

50,000 00 

2,000 00 



Market value. 

747,812 50 

4,200 00 

6,900 00 

8,970 00 

26,250 00 

9,660 00 

5,550 00 

175 00 

40,500 00 

29,250 00 

25,000 00 

27,000 00 

9,000 00 

14,000 00 

13,125 00 

21,600 00 

10,000 00 

72,500 00 

1,200 00 



$967,300 00 $1,072,692 50 



Securities held as collateral for cash loans : — 



16 shares Hanover National Bank, 

37 

33 

15 

25 

10 
800 

80 
400 



Metropolitan National Bank, 
Central National Bank, 
American Exch. National Bank, 
Fulton Bank, 

Ridgeway Insurance Company, 
Western Union Telegraph Co., 
Nassau Bank, 

Western Union Telegraph Co., 
United States bonds, .... 
1550 shares N. Y. Central and Hud. R.R.R., 
289 " 42d St. and Grand St. Ferry R.R 

10 " United States Trust Company, 
225 < < Brooklyn City Railroad Co. , . 



Market value. 

$1,600 00 
4,995 00 
3,300 00 
1,575 00 
1,000 00 
1,100 00 

61,600 00 
7,200 00 

30,800 00 

89,673 75 
164,300 00 

36,125 00 
3,500 00 
4,050 00 



Loaned thereon. 

$500 00 



y 10,000 00 

50,000 00 

6,400 00 

100,000 00 

129,000 00 

26,000 00 

1,600 00 

2,000 00 



1877.] INS. CO'S. OF OTHER STATES. 



223 



173 shares Phenix National Bank, 
150 " St. Nicholas National Bank, 
30 " Mechanics' National Bank, . 

Buffalo, N. Y. and Erie Railroad bonds, 

United States bond, . 



$3,400 00 
11,250 00 

2,400 00 
73,500 00 

1,027 50 



$2,260 00 

10,000 00 

1,200 00 

63,000 00 

500 00 



$502,456 25 $402,460 00 



Summary of Assets, Dec. 31, 1877.* 



Cash value of unencumbered real estate, . 
Loans on mort. of real estate (first liens f) , 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Loans on collat. security, as per schedule, 
Cash in the office of the company, . 

deposited in various banks, 
Interest due and accrued, 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Gross Assets, $ 



$699,800 00 

633,000 00 

19,089 48 

1,072,692 50 

402,460 00 

4,385 94 

179,025 70 

3,742 47 

147,237 22 

12,500 00 



$3,173,933 31 



Liabilities. 



Losses adjusted, unpaid, . 

claimed and reported, 
disputed or resisted, 

Total amount of losses, 
Less re-insurance, . 



$55,276 18 
65,468 96 
19,141 92 

$139,887 06 
1,515 07 



Net amount of unpaid losses, 
Unearned premiums on outstanding risks, 
Unpaid scrip ordered to be redeemed, 
Interest due or accrued on scrip, 
Dividends to stockholders unpaid, . 
Commissions and brokerage, . 

Gross Liabilities, except Capital and Scrip, 



$138,371 99 

983,069 21 

23,051 00 

12,354 18 

585 90 

20,000 00 



Surplus, as regards Policy-holders, 
Paid-up Capital, .... 
Scrip outstanding, not ordered to be re- 
deemed, 

Surplus over Capital and Scrip, 



$1,000,000 00 
67,065 00 



1,177,432 28 
^1,996,501 03 



1,067,065 00 
$929,436 03 



* The company holds, also, instalment premium notes to the amount of $1,223,450.39, which 
do not enter into nor form any part of the assets of the company, as no portion of them is 
earned; whatever value is attached to them would necessarily he counterbalanced by the 
addition of an exactly equal amount to the re-insurance liability, the entire sum consisting 
of " unearned premiums." 

t Value of lands mortgaged $863,725 00 

Value of buildings thereon, 1,147,000 00 



Total value of property mortgaged, $2,010,725 00 

Amount of insurance held as collateral, .... 589,725 00 
X Including $400,000 special reserve fund held under New York law. 



224 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Income. 

Cash received for fire premiums, . . $1,670,394 96 
Deduct re-ins., rebate, and return prem's, 204,816 01 

Net cash received for fire premiums, . 

Interest received on bonds and mortgages, .... 

and dividends received from all other sources, 
Income from rents, $37,920 67 

from premium on gold, . . . 258 39 



$1,465,578 95 
43,212 74 
77,138 41 



38,179 06 



Gross Cash Income, $1,624,109 16 



Expenditures. 

Cash paid for fire losses, .... $709,526 66 

Deduct salvage and re-insurance, . . 14,113 58 

Net cash paid for fire losses, . 

Cash dividends paid, 

Interest paid scrip-holders, 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for office, agency, and incidental expenses, 

Gross Cash Expenditures, .... 



$695,413 08 
125,419 55 
1,023 82 
244,160 59 
184,649 79 
34,128 77 
128,321 30 

1,413,116 90 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 



Risks and Premiums. 

Premiums. 

. $207,216,620 00 $1,615,424 94 
. 218,314,760 00 1,497,925 67 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



$425,531,380 00 $3,113,350 61 
181,699,010 00 1,236,844 14 



$243,832,370 00 $1,876,506 47 
4,873,210 00 32,346 72 



$238,959,160 00 $1,844,159 75 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (12£ per cent.), . 

Losses incurred during the year, 

Company's stock owned by directors, . ... 
Scrip dividends declared during the year, . . 



$17,511,554 71 

9,442,603 96 

. 2,880,497 36 

125,000 00 

641,285 07 

273,500 00 

19,239 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



225 



DELAWARE MUTUAL SAFETY INSURANCE COMPANY, 
PHILADELPHIA, PA. 

[Incorporated April 10, 1835. Commenced business Aug. 6, 1835.] 
Paid-up Capital, $360,000. 

Thomas C. Hand, President. Secretary, Henry Lylburn. 

Attorney to accept service, W. V. Hutchins, Boston. 



Detailed Statement of Stocks, Bonds, Etc. 



Pennsylvania state bonds, 5s and 6s, 

Philadelphia city bonds, 6s, 

New Jersey city bonds, 6s, 

Pittsburg city bonds, 7s, . 

Boston city bonds, 6s, 

St. Louis city bonds, 6s, . 

Cincinnati city bonds, 7s, 

Columbus city bonds, 6s, 

Pennsylvania Railroad Company bonds, 6s, 

Western Penn. R.R. Co. bonds, guaranteed, 

Tennessee state bonds, 6s, 

380 shares Pennsylvania Railroad Company, 

125 " No. Pennsylvania Railroad Co., 

American S. S. Company bonds, guaranteed, 

Wm. Cramp & Sons' dry dock mort. bonds, 7s, 

Stock and scrip of sundry corporations, . 



Par value. 

$271,400 00 

205,000 00 

250,000 00 

100,000 00 

100,000 00 

100,000 00 

50,000 00 

25,000 00 

20,000 00 

25,000 00 

44,000 00 

19,000 00 

6,250 00 

40,000 00 

28,000 00 

16,658 00 



Market value. 

$289,378 00 

226,200 00 

276,920 00 

100,375 00 

115,500 00 

109,500 00 

54,875 00 

26,375 00 

21,150 00 

18,750 00 

19,360 00 

11,115 00 

4,750 00 

30,000 00 

28,000 00 

4,892 50 



.,300,308 00 $1,337,140 50 



Securities held as collateral for cash loans: 
United States 5-20 bonds, 

Summary of Assets, Oct 
Cash, value of unencumbered real estate, 
Loans on mort. of real estate (first liens *) , 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 

deposited in various banks 
Interest due and accrued, 



* Value of land mortgaged, 
Value of buildings thereon, 



Total value of property mortgaged, 
Amount of insurance held as collateral, 
29 



Market value. Loaned thereon. 

$106,000 00 $100,000 00 

31, 1877. 

$100,000 00 

232,950 00 

3,141 00 

1,337,140 50 

100,000 00 

156 95 

109,104 74 

7,308 00 



$227,700 00 
212,800 00 

$440,500 00 
160,500 00 



226 



FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Premiums in course of collection (net), . 
Notes taken for marine and inland risks, 
Sundry items, . 

Gross Assets, . 



1,701 43 

309,567 98 
1,143 40 



-$2,259,214 00 



Liabilities. 

Losses adjusted, unpaid, 
Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, . 
Unpaid scrip ordered to be redeemed, 
Interest due or accrued on scrip, 
Dividends to stockholders unpaid, . 
Due and accrued for rent, salaries, etc., . 
State and local taxes, .... 

Gross Liabilities, except Capital and Scrip 



> 



5,198 87 

33,161 00 

340,594 76 

79,050 70 

4,330 00 

5,178 90 

1,000 00 
1,800 00 



Surplus as regards Policy-holders, $ 

Paid-up Capital, $360,000 00 

Scrip outstanding, not ordered to be redeemed, 987,235 00 

Surplus over Capital and Scrip, .... 



498,314 23 

.,760,899 77 



1,347,235 00 
$413,664 77 



Income. 

Cash received for fire premiums, . • . $140,674 26 
Deduct re-insurance, rebate, and return prem's, 7,556 00 

Net cash received for fire premiums, . . 

Cash received for marine and inland prem's, . $640,772 95 
Deduct re-insurance, rebate, and return prem's, 83,100 42 

Net cash rec'd for marine and inland prem's, . 

Unpaid prem. notes rec'd during the year, . $309,567 98 
Interest received on bonds and mortgages, .... 
Interest and dividends rec'd from all other sources, 
Income from profit on sale of bonds, . 
Deposits rec ' d for perpetual fire risks , $2 , 482 00 



Gross Cash Income, 



Expenditures. 
Cash paid for fire losses, .... 
Deduct salvage and re-insurance, . 
Net cash paid for fire losses, . 
Cash paid for marine and inland losses, . 
Deduct salvage and re-insurance, 
Net cash paid for marine and inland losses, 
Cash dividends paid, .... 
Interest paid scrip-holders, 



$133,118 26 



557,672 53 

14,277 00 
80,018 22 
25,495 08 



$87,677 77 
89 63 

$381,760 95 
13,545 41 



$810,581 09 






$87,588 14 



368,215 54 
36,000 00 
64,222 80 



1877.] 



INS. CO'S. OF OTHER STATES. 



227 



Cash paid for redemption of scrip, .... 

paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 
Ground rent, $3,181.88; repairs on building, $1,591.99, 
Deposits returned on perpetual fire risks, . $1,731 50 



$275,070 00 

\ 82,814 10 

13,449 98 
8,200 88 
4,773 87 



Gross Cash Expenditures, 



. $940,335 31 



Risks and Premiums. 



Fire risks outstanding Oct. 31, 1876, 

written during 1876 and 1877, 

Total, ..... 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 

Marine risks outstanding Oct. 31, 1876, 
written during 1876 and 1877, 

Total, . 
Deduct risks expired and terminated, 

In force at end of year, . 



$21,833,255 00 
19,236,403 00 

$41,069,658 00 
20,457,249 00 

$20,612,409 00 
. 145,500 00 



Premiums. 

$205,667 52 
139,923 76 

$345,591 28 
156,162 71 

$189,428 57 
950 00 



$20,466,909 00 $188,478 57 



$10,623,826 00- 

57,874,582 00 

$68,498,408 00 
55,185,341 00 



$201,436 09 
733,166 00 

$934,602 09 
679,315 36 



$13,313,067 00 $255,286 73 



Miscellaneous. 

Dividends declared during the year (10 per cent.), 
Losses incurred during the year, . 
Company's stock owned by directors, 
Scrip dividends declared during the year, 



$36,000 00 

444,457 68 

42,900 00 

180,700 00 



228 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



ENTERPRISE FIRE AND MARINE INSURANCE COMPANY, CIN- 
CINNATI, O. 

[Incorporated December, 1865. Commenced business December, 1865.] 

Paid-up Capital, $300,000. 

John W. Hartwell, President. Secretary, J. W. McCord. 

Office, No. 82 West Third Street. 
Attorney to accept service, Thomas Mair, Boston. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

$150,000 00 $161,050 00 

10,000 00 4,000 00 

15,000 00 3,000 00 

2,000 00 2,000 00 



United States bonds, ..... 
Alabama state bonds, . 
Cincinnati, Hamilton, and Dayton R.R. stock, 
Cincinnati Underwriters' Wrecking Co. stock, 



$177,000 00 $170,050 00 



Summary of Assets, Dec. 31, 1877. 



Cash value of unencumbered real estate, 
Loans on mortgage of real -estate (first liens *) , 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, . 

deposited in Commercial National Bank, 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
Rents due and accrued, . . . $646 82 
Salvage on losses paid, . . . 6,500 00 



Gross Assets, 

Liabilities. 

Losses claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
State and local taxes, 
Commissions and brokerage, . 
Due for re-insurance, 

Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, 
Paid-up Capital, . . . 



Surplus over Capital, 



$147,927 81 

24,200 00 

1,800 04 

170,050 00 

1,831 64 

14,329 18 

17,350 43 

24,945 83 



7,146 82 



$3,400 00 

12,000 00 

69,577 65 

1,790 02 

276 23 

60 00 



$409,581 75 



87,103 90 



$322,477 85 
300,000 00 



$22,477 85 



* Value of lands mortgaged, 
Value of buildings thereon, 



Total value of property moi'tgaged, 
Amount of insurance held as collateral, 



$23,500 00 
27,000 00 



$50,500 00 
9,500 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



229 



Income. 

Cash received for fire premiums, 

Deduct re-insurance, rebate, and return prem's, 

Net cash received for fire premiums, 

Cash received for marine and inland prem's, . 

Deduct re-insurance, rebate, and return prem's, 

Net cash received for marine and inl'd prem's, 

Unpaid premium notes rec'd during the year, . 

Interest received on bonds and mortgages, .... 

Interest and dividends received from all other sources, . * . 
Income from rents, ...... $13,603 65 

from refunded taxes, . . . . 3,036 93 



$84,260 93 
6,154 51 



,344 14 
2,162 51 



$31,474 57 



$78,106 42 



51,181 63 

10,838 08 
718 26 



16,640 58 



Gross Cash Income, 



$157,484 97 



$54,302 29 
2,943 16 



Expenditures. 

Cash paid for fire losses, ..... $32,351 50 

Deduct salvage and re-insurance, . . . 566 98 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, 

Deduct salvage and re-insurance, 

Net cash paid for marine and inland losses, . 

Cash dividends paid, ...... 

Cash paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 

paid for ground rent, ..... 

Gross Cash Expenditures, .... 



$31,784 52 



51,359 13 
36,000 00 
12,474 92 
13,764 94 

5,191 66 
10,040 95 

7,000 00 

. $167,616 12 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 



Bisks and Premiums. 

Premiums. 

$6,714,757 80 $91,929 32 
7,018,562 40 81,922 66 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 



$13,733,320 20 $173,851 98 
6,455,472 88 78,672 62 



^7,277,847 32 
69,150 00 



)5,179 36 
796 86 



Net amount in force, 



$7,208,697 32 $94,382 50 



230 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Marine risks outstanding Dec. 31, 1876, 
written during 1877, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



. $355,085 16 $39,228 52 
. 2,173,733 08 64,301 16 



£2,528,818 24 $103«529 68 
2,133,769 26 60,776 83 



$395,048 98 $42,752 85 
1,250 00 125 00 



$393,798 98 $42,627 85 



Miscellaneous. 

Premiums received from organization of company, . $3,477,355 24 
Losses paid from organization of company, . . . 2,254,932 00 

Cash dividends declared from organization of company, . 174,000 00 
Dividends declared during the year (12 per cent.), . . 36,000 00 

Losses incurred during the year, 76,763 13 

Company's stock owned by directors, 103,620 00 



EQUITABLE FIRE INSURANCE COMPANY, NASHVILLE, TENN. 

[Incorporated Dec. 17, 1869. Commenced business July 1, 1871.] 
Paid-up Capital, $200,000. 

D. Weaver, President. Secretary, J. D. Anderson. 

Attorney to accept service, Thomas Mair, Boston. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

$100,000 00 $105,250 00 
26,300 00 22,235 00 



United States bonds, .... 
Nashville city bonds, 6s, 
Bedford county (Tenn.) bonds, 10s, 
Tenn. Manufacturing Company bonds, 10s, 
Davidson county (Tenn.) bonds, 6s, 
Hay ward county (Tenn.) bonds, 8s, 
Jackson city (Tenn.) bonds, 10s, . 
Edgefield city (Tenn.) bonds, 10s, . 
Cumberland Iron Works bonds, 10s, 
Bulloch county (Ala.) bonds, 8s, . 
Nash., Chatta., and St. Louis R.R. bonds, 7s, 
Duck River Valley R.R. bonds, 8s, 



10,000 00 

20,000 00 

18,000 00 

22,000 00 

5,120 00 

8,000 00 

10,000 00 

250 00 

53,000 00 

500 00 



10,000 00 

20,000 00 

18,000 00 

22,000 00 

4,608 00 

8,000 00 

10,000 00 

250 00 

45,050 00 

400 00 



$273,170 00 $265,793 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



231 



Summary of Assets, Dec. 31, 1877. 



Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, . 

deposited in various banks, 
Interest due and accrued, 
Premiiuus in course of collection (net) , 
Gross Assets, .... 



$519 43 

114 28 

265,793 00 

2,347 41 

14,103 23 

10,795 65 

17,321 39 



$310,994 39 



Liabilities. 



Losses adjusted, unpaid, .... 

claimed and reported, .... 
disputed or resisted, .... 

Total amount of losses, ..... 

Less re-insurance, $2,500.00; salvage claims, 

$3,673.05, 

Net amount of unpaid losses, .... 
Unearned premiums on outstanding risks, 
Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, . 
Paid-up Capital, 200,000 00 

Surplus over Capital, . $27,704 68 



$533 06 

4,941 06 

11,813 04 

$17,287 16 

6,173 05 

$11,114 11 
72,175 60 



83,289 71 



. $227,704 68 



Income. 

Cash received for fire premiums, . . . $156,682 41 
Deduct re-insurance, rebate, and return prem's, 17,895 39 

Net cash received for fire premiums, . . $138,787 02 

Interest and dividends received from all sources, . . . 14,141 39 



Gross Cash Income, $152,928 41 



Expenditures. 

Cash paid for fire losses, ...... 

for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for office, agency and incidental expenses, 

Gross Cash Expenditures, .... 



$90,631 53 

22,115 28 

9,924 99 

9,460 37 

13,876 16 

$146,008 33 



* Total value of property mortgaged, 



$3,500 



232 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Fire risks outstanding Dec. 31, 1876, 
written during - 1877, 



Risks and Premiums. 

Premiums. 

17,671,189 00 $146,240 02 
10,308,271 00 156,314 22 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



$17,970,460 00 $302,554 24 
9,115.854 00 155,923 23 



;, 863, 606 00 $146,631 01 
175,326 00 2,930 24 



$8,688,280 00 $143,700 77 



Miscellaneous . 

Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Losses incurred during the year, ..... 
Company's stock owned by directors, .... 



&728.074 91 

369,597 41 

58,397 08 

85,996 23 

30,700 00 



EQUITABLE FIRE AND MARINE INSURANCE COMPANY, PROV- 
IDENCE, R.L 

[Incorporated May, 1859. Commenced business September, I860.] 
Paid-up Capital, 6200,000. 

Fred. W. Arnold, President. Secretary, Jas. E. Tillinghast. 

Office, No. 1 Custom- House Street. 
Attorney to accept service, Hammond Vinton, Boston. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

500 shares Old National Bank, . . . $50,000 00 $55,000 00 

300 " National Bank of Commerce, . 15,000 00 14,100 00 

200 " American National Bank, . . 10,000 00 9,400 00 

30 " Third National Bank, . . . 3,000 00 2,700 00 

100 " Butchers and Drovers' Bank, . 5,000 00 2,500 00 

100 " Manufacturers' National Bank, . 10,000 00 13,000 00 

100 " Union Bank, 5,000 00 4,000 00 

100 " Fourth National Bank, . . . 10,000 00 12,500 00 

100 " First National Bank, Warren, R.L, 10,000 00 10,500 00 

United States bonds, 20,000 00 22,000 00 

Union Pacific R. R. 1st mortgage bonds, . 20,000 00 21,400 00 

40 shares American Screw Company, . . 10,000 00 7,000 00 



$168,000 00 $174,100 00 



1877.] INS. CO'S. OF OTHER STATES. 233 

Securities held as collateral for cash loans : — 

Market value. Loaned thereon. 

36 shares Old Nat'l Bank, Providence, R.I., . $3,960 00 $3,705 00 

Summary of Assets, Dec. 31, 1877. 
Cash value of unencumbered real estate, . $120,000 00 

Loans on mortgage of real estate (first liens*), 15,000 00 
Stocks, bonds, etc., as per schedule, . . 174,100 00 
Loans on collateral security, as per schedule, . 3,705 00 

Cash in the office of the company, . . . 262 53 

deposited in various banks, . . . 13,687 74 
Premiums in course of collection (gross), . 13,675 44 
Rents due and accrued, . . . $1,993 75 
Bills receivable, .... 879 35 
Assignee claim, .... 1,666 67 

Premiums more than 3 months due, $602 32 
Gross Assets, ...... 



4,539 77 



$344,970 48 



Liabilities. 

Losses claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Dividends to stockholders unpaid", . 
Due and accrued for rent, salaries, etc., 
State and local taxes, 
Commissions and brokerage, . 

Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, 
Paid-up Capital, .... 



Surplus over Capital, 



Income 



$7,868 00 

1,300 00 

61,909 94 

550 20 

500 00 

500 00 

2,000 00 



74,628 14 

$270,342 34 
200,000 00 



,342 34 



Cash received for fire premiums, 

Deduct re-insurance, rebate, and return prem's, 

Net cash received for fire premiums, 

Cash received for marine and inland prem's, 

Deduct re-insurance, rebate, and return pre's 

Net cash rec'd for marine and inland prem's, 

Interest received on bonds and mortgages, 

Interest and dividends received from all other 

Income for rents, .... 



Gross Cash Income, 



$117,421 32 
14,545 59 

$12,274 55 
2,399 03 



sources, 



$102,875 73 



9,875 52 

1,050 00 

10,787 56 

9,103 75 

$133,692 56 



* Value of lands mortgaged, $8,000 00 

Value of buildings thereon, 12,000 00 



Total value of property mortgaged, $20,000 00 

Amount of insurance held as-collateral, 8,000 00 

30 



234 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Expenditures 

Cash paid for fire losses, . 

Deduct salvage and re-insurance, . 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, 

Deduct salvage and re-insurance, . 

Net cash paid for marine and inland losses, . 

Cash dividends paid, ...... 

Cash paid for commissions and brokerage, 

paid for salaries, office and incidental expenses, 

paid for State and local taxes, 

paid for building expense, .... 



$52,920 64 
394 47 

$6,741 07 
368 04 



Gross Cash Expenditures, . . . .... $125,892 20 



,526 17 



6,373 03 

23,689 80 

19,231 69 

16,216 74 

5,143 05 

2,711 72 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct the amount re-insured, 

Net amount in force, 

Marine risks outstanding Dec. 31, 1876, 
written during 1877, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



$8,622,885 30 
10,133,319 39 



$18,756,204 69 
9,437,578 46 



• ,318,626 23 
94,166 67 



Premiums. 

$119,337 55 
117,421 32 



$236,758 87 
116,918 58 

$119,840 29 
1,090 94 



,224,459 56 $118,749 35 



$70,288 20 

1,693,537 94 

£1,763,826 14 

1,656,490 59 

$107,335 55 

19,300 00 



$1,138 07 
12,274 55 

$13,412 62 
11,390 37 

$2,022 25 
420 25 



,035 55 $1,602 00 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (12 per cent.), 

Losses incurred during the year, 

Company's stock owned by directors, .... 



$1,415,916 36 

1,091,958 07 

252,000 00 

24,000 00 

59,538 57 

39,130 00 



1877.] INS. CO'S. OF OTHER STATES. 



235 



EXCHANGE FIRE INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated April 9, 1853. Commenced business May, 1853.] 

Paid-up Capital, $200,010. 

Richard C. Coombs, President. Secretary, Geo. W. Montgomery. 

Office, No. 172 Broadway. 
Attorney to accept service, H. V. Freeman, Boston. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, ..... $155,000 00 $164,325 00 



Securities held as collateral for cash loans: — 



Market value. Loaned thereon. 



United States bond, 

Rutgers Fire Insurance Company stock, 
New York Equitable Insurance Co. stock, 
Citizens' Bank stock, 
Oriental Bank stock, 
Manhattan Life Insurance Company, stock, 
Atlantic Avenue Railroad bonds, 
United States bonds, 
Irving Bank stock, . 
Butchers and Drovers' Bank stock, 
Bowery National Bank stock, . 
East River Bank stock, . 
Erie Railroad mortgage bonds, 
Rutgers Fire Insurance Company stock, 
Knickerbocker Ice Company stock, 
" " " bonds, 

iEtna Fire Insurance Company stock, 
Sterling Fire Insurance Company stock, 
Empire Transportation Company stock, 
Manhattan Fire Insurance Co. stock, 
American Exchange Bank stock, 
Harlem Gas-Light Company stock, . 
Park Fire Insurance Company stock, 
Sterling Fire Insurance Company stock, 
Emporium Insurance Company stock, 
Central Trust Company stock, 
Stuyvesant Fire Insurance Company stock, 
Bull's Head Bank stock, 
St. Louis, J. and Chicago Railroad bond, 
New York Equitable Insurance Co. stock, 



$535 00 

3,500 00-) 

1,995 00 ( 

1,500 00 j 

750 00 j 

15,000 00 

900 00 

4,280 00 

2,400 00 

2,500 00 y 

750 00 

300 00 

3,120 00 

2,625 00 

6,375 00 

7,200 00 

1,500 00 

950 00 

250 00 

2,100 00 

530 00 

2,950 00 

875 00 

475 00 

500 00 

1,000 00 

5,600 00 

200 00 

1,050 00 

1,662 50 



$500 00 

5,000 00 

4,000 00 
600 00 

9,000 00 



2,500 00 
1,500 00 

9,000 00 

1,250 00 
800 00 

1,500 00 

475 00 
2,000 00 

1,400 00 

850 00 

3,500 00 

100 00 

950 00 

1,200 00 



$73,372 50 $46,125 00 



236 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Summary of Assets, Dec. 31, 1877. 

Loans on mortgage of real estate (first liens*), $135,450 00 

4,042 50 

164,325 00 

46,125 00 

1,839 71 

15,759 75 

758 25 

15,059 13 

541 66 



Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 

deposited in bank, .... 

Interest due and accrued, 

Premiums in course of collection (gross), 

Rents due and accrued, .... 

Gross Assets, 



$383,901 00 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, . 
disputed or resisted, . . 
Unearned premiums on outstanding risks, 
Dividends to stockholders unpaid, . 
Due and accrued for rent, salaries, etc., . 
Commissions and brokerage, . 
Return premiums, . . . . $715 95 
Expense account, , 214 52 

Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, . 
Paid-up Capital, ..... 



5 1 
2i 



$7,500 00 

10,7d0 00 

1,500 00 

47,087 31 

423 00 

1,333 33 

1,639 48 

930 47 



Surplus over Capital, 



71,113 59 

$312,787 41 
200,010 00 

$112,777 41 



Income. 

Cash received for fire premiums, . . . $127,312 65 
Deduct re-ins., rebate, and return premiums, . 11,245 12 

Net cash received for fire premiums, . . $116,067 53 

Cash received for marine and inland prem's, . $391 75 

Deduct re-ins., rebate, and return premiums, . 22 50 

Net cash rec'd for marine and inland prem's, . 369 25 

Interest received on bonds and mortgages, .... 9,429 47 
Interest and dividends received from all other sources, . . 13,483 74 
Income from rents, 3,250 00 

Gross Cash Income, . . $142,599 99 

* Value of land mortgaged, $163,000 00 

Value of buildings thereon 174,000 00 

Total value of property mortgaged, .... $337,000 00 
Amount of insurance held as collateral, . . . 137,050 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



237 



Expenditures. 

Cash paid for fire losses, . 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes, 

paid for rents, etc., .... 

Gross Cash Expenditures, 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 

Marine risks outstanding Dec. 31, 1876, 
written during 1877, . 

Total, 

Deduct risks expired and terminated, 



$53,580 87 

30,001 50 

16,603 70 

30,188 33 

4,132 61 

9,424 43 



EMIUMS. 

$17,214,350 00 
17,894,732 00 


$143,931 44 

Premiums. 

$116,564 21 
119,298 28 


$35,109,082 00 
19,662,508 00 


$235,862 49 
127,078 44 


$15,446,574 00 
133,800 00 


$108,784 05 
737 08 


$15,312,774 00 

$9,800 00 
17,700 00 


$108,046 97 

$197 50 
391 75 


$27,500 00 
22,300 00 


$589 25 
440 25 



In force at end of year, 



$5,200 00 $149 00 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Cash dividends declared from organization of company, 
Dividends declared during the year (15 per cent.), 
Losses incurred during the year, ..... 
Company's stock owned by directors, .... 



£2,338,025 97 

1,383,549 86 

222,607 50 

30,001 50 

69,703 10 

105,600 00 



238 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

FAIRFIELD FIRE INSURANCE COMPANY, SO. NORWALK, CONN. 

[Incorporated July, 1869. Commenced business May, 1870.] 
Paid-up Capital, $200,000. 

Winfield S. Hanford, President. Secretary, Henry R. Turner. 

Attorney to accept service, Thomas Mair, Boston. 

Detailed Statement of Stocks, Bonds, Etc. 



United States registered bonds, 
Fairfield county coupon bonds, 7s, . 
Norwalk town coupon bonds, 6s, 
St Joseph city (Mo.) coupon bonds, 10s, 
Sumner (111.) town coupon bonds, 8s, 
Portland (Ind.) town coupon bonds, 



Securities held as collateral for cash loans : — 



10 shares*So. Norwalk National Bank, . 

48 " Norwalk Lock Company, 
100 " Brooklyn City Railroad, . 

50 " Manuf. and Merchants' Bank, 
Park Avenue Railroad bonds, 
Paid-up policy Mutual Life Insurance Co., 
New Orleans city bonds, 6s, . 
256 shares Norwalk Lock Co., 
So. Norwalk School District bonds, 



Par value. 


Market value. 


. $47,000 00 


$50,153 75 


10,000 00 


10,500 00 


3,000 00 


3,000 00 


6,000 00 


5,400 00 


4,000 00 


3,800 00 


3,000 00 


2,875 00 


$73,000 00 


$75,728 75 


Market value. Loaned thereon. 


. $1,100 00 


$1,000 00 


1,080 00 


850 00 


6,000 00 


500 00 


1,850 00 ) 
2,000 00 i 


3,526 63 


10,500 00 


1,800 00 


1,000 00 


1,000 00 


4,860 00 


4,000 00 


2,000 00 


2,000 00 



$30,390 00 $14,676 63 



Summary of Assets, Dec. 31, 1877. 

Cash value of unencumbered real estate, . $60,389 62 

Loans on mortgage of real estate (first liens *), 113,225 00 

Interest due or accrued thereon, . . . 6,892 53 

Stocks, bonds, etc., as per schedule, . . 75,728 75 

Loans on collateral security,as per schedule, . 14,676 63 

Cash in the office of the company, . . . 9,514 06 

deposited in various banks, . . . 11,139 39 

Interest due and accrued, .... 1,695 10 

Premiums in course of collection (gross), . 17,253 88 



* Value of lands mortgaged $113,150 00 

Value of buildings thereon • 144,000 00 

Total value of property mortgaged $257,150 00 

Amount of insurance held as collateral 85,100 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



239 



Rents due and accrued, $518 75; re-insurance 
due, $850.00; taxes due from non-resident 
stockholders, $679.40; bills receivable, 
$455.30, 

Gross Assets, . . . . 



$2,503 45 



$313,018 41 



Liabilities. 



Losses adjusted, unpaid, 


$1,104 50 




claimed and reported, . 


3,735 00 




disputed or resisted, 


1,437 50 




Unearned premiums on outstanding risks, 


64,054 70 




Dividends to stockholders unpaid, . 


r,150 00 




Due and accrued for rent, salaries, etc., . 


100 00 




Commissions and brokerage, . 


2,949 03 




Gross Liabilities, except Capital, 




74,530 73 




Surplus as regards Policy-holders, . 


$238,487 68 






200,000 00 



Surplus over Capital, 



,487 68 



Income. 

Cash received for fire premiums, . . . $157,091 86 
Deduct re-insurance, rebate, and return prem's, 18,533 44 

Net cash received for fire premiums, . . 

Interest received on bonds and mortgages, . . . . 
Interest and dividends received from all other sources, 
Income from rents, $2,160.00; commissions, $2,128.89, 



Gross Cash Income, 



$138,558 42 
6,157 81 
7,782 30 
4,288 89 

$156,787 42 



Expenditures. 

Cash paid for fire losses, .... 

Deduct salvage and re-insurance, 

Net cash paid for fire losses, . 

Cash dividends paid, .... 

paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 



$62,954 99 
1,414 42 



$61,540 57 
18,850 00 
24,321 32 
16,220 45 
3,403 88 
11,947 18 



Gross Cash Expenditures, 



$136,283 40 



240 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 



Risks and Premiums. 

Premiums. 

$9,225,369 00 $107,979 78 
14,184,519 00 157,091 86 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount re-insured, 



$23,409,888 00 $265,071 64 
10,928,303 00 136,056 69 



$12,481,585 00 $129,014 95 
378,978 00 4,207 65 



Net amount in force, 



$12,102,607 00 $124,807 30 



Miscellaneous. 



Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared daring the year (10 per cent), 
Losses incurred during the year, ..... 
Company's stock owned by directors, .... 



$997,508 81 

592,223 49 

128,000 00 

20,000 00 

59,654 73 

93,800 00 



FARRAGUT FIRE INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated Jan. 29, 1872. Commenced business Jan. 30, 1872.] 
Paid-up Capital, $200,000. 

John M. Furman, President. Secretary, Samuel Darbee. 

Office, No. 346 Broadway. 
Attorney to accept service, William R. Horton, Boston. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, $210,000 00 $221,225 00 

100 shares Fourth National Bank, . . . 10,000 00 9,800 00 



220,000 00 $231,025 00 



Securities held as collateral for cash loans 



10 shares Fourth National Bank, . 



15 

500 

10 

175 

75 

200 

40 

1200 

People's Gas-Light Co.'s bonds, 



Enterprise Fire Ins. Co., Cin., 
Manufacturers' Nat'l B'k, Brookl'n 
Guardian Fire Insurance Co., 
Broadway R.R. Co., Brooklyn, 
Brooklyn Ferry Co., 
Fourth National Bank, . ■ 

Broadway R.R. Co., Brooklyn, 
People's Gas-Light Co., 



SI, 000 00 



Market value. Loaned thereon. 

$1,010 00 
255 00 
13,500 00 10,000 00 
850 00 500 00 
26,250 00 > 0() 
11,250 00 > 
20,200 00 12,000 00 

6,000 00 \ 

3,600 00 C 11,000 00 

2,850 00) 



1877.] 



INS. CO'S. OF OTHER STATES. 



241 



100 shares American Express Co., 

60 " Adams Express Co., 

73 " Fourth National Bank, . 

55 " Tradesmen's Fire Ins. Co., . 
Broadway R.R. Co. mortgage bonds, 

33 shares Manufacturers' National Bank, 
100 " Citizens' Gas-Light Co., 
United States 5-20 bonds, . - 

50 shares Central National Bank, 

50 " German American Insurance Co. 

20 " Guardian Fire Insurance Co., 



$4,950 00 
■5,880 00. 
7,373 00 
2,062 50 
2,000 00 
891 00 
1,600 00 
6,352 50 
5,000 00 
5,750 00 
1,700 00 



$,000 00 

6,500 00 
1,200 00 
1,000 00 

1,500 00 
5,300 00 

9,500 00 



$129,324 00 $87,500 00 



Summary of Assets, Dec. 31, 1877. 



Cash value of unencumbered real estate, . 
Loans on mortgage of real estate (first liens *) , 
■Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Loans on collateral security as per schedule, 
Cash in the office of the company, . 

deposited in various banks, 
Interest due and accrued, 
Premiums in course of collection (gross), 
Rents due and accrued, . . 
Office furniture, . . . . $4,000 00 
Premiums more than three mo' s due, 367 50 
Gross Assets, 



$22,444 67 

46,900 00 

1,039 50 

231,025 00 

87,500 00 

198 06 

26,433 11 

1,431 02 

7,283 30 

128 00 



$424,382 66 



Liabilities. 

Losses adjusted, unpaid, .... 

claimed and reported, . 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., . 
Commissions and brokerage, . 

Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, . 
Paid-up Capital, ..... 

Surplus over Capital, 



$3,439 01 

929 21 

62,005 01 

2,701 67 

727 64 



69,802 54 



. $354,580 12 
. 200,000 00 

. $154,580 12 



* Value of lands mortgaged, $39,000 00 

Value of buildings thereon, 56,000 00 

Total value of property mortgaged, $95,000 00 

Amount of insurance held as collateral, 50,400 00 

31 



242 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

Income. 

Cash received for fire premiums, . . . $119,402 36 
Deduct re-insurance, rebate, and return prem's, 5,099 99 

Net cash received for fire premiums, . . $114,302 37 

Interest received on bonds and mortgages, .... 5,442 44 

and dividends received from all other sources, . . 17,888 39 

Income from rents, . . . . . .... 590 00 



Gross Cash Income, $138,223 20 



Expenditures. 

Cash paid for fire losses, . . ■ 

Cash dividends paid, . . . . 

Cash paid for commissions and brokerage, 

paid for salaries of officers and employ ees ; 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 

Gross Cash Expenditures, . . ' 



$47,886 89 
30,000 00 

9,413 75 
21,850 00 

2,845 29 
22,071 76 

$134,067 69 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 



Risks and Premiums. 

Premiums. 

$25,641,935 00 $134,943 39 
27,085,953 00 118,586 02 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount re-insured, 

Net amount in force, 



$52,727,888 00 $253,529 41 
26,870,983 00 130,089 86 



$25,856,905 00 $123,439 55 
196,521 00 1,156 46 



$25,660,384 00 $122,283 09 



Miscellaneous . 

Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (15 per cent.), 
Losses incurred during the year, ..... 
Company's stock owned by directors, . 



$832,813 27 

247,278 60 

132,000 00 

30,000 00 

45,696 23 

96,500 00 



1877.] INS. CO'S. OF OTHER STATES. 243 

FIRE ASSOCIATION OF PHILADELPHIA, PHILADELPHIA, PENN 

[Incorporated Sept. 1, 1817. Commenced business March 27, 1820.] 

Paid-up Capital, $500,000. 

Wm. T. Butler, President. Secretary, Jacob H. Lex. 

. Office, No. 34 North Fifth Street. 

Attorney to accept service, Richard Pope, Boston. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value 

Philadelphia city bonds, .... 8400,000 00 8448,250 00 

. 500,000 00 442,493 75 



50,000 00 42,500 00 

6,000 00 6,480 00 

20,000 00 21,600 00 

100,000 00 118,000 00 



LTiited States registered bonds, 

Pittsburg city bonds, 

Camden city bonds, 

Masonic Temple bonds, . 

Lehigh Valley Railroad bonds, 

Lehigh Coal and Navigation Co. bonds, . . 100,000 00 87,000 00 

Penn. Railroad bonds, 100,000 00 100,500 00 

Philadelphia and Reading Railroad bonds, . 10,000 00 5,700 00 

Philadelphia and Erie Railroad bonds, . . 12,000 00 14,140 00 

Catawissa Railroad bonds, .... 10,000 00 10,500 00 

3000 shares Pennsylvania Railroad, . . 150,000 00 99,750 00 

1600 " Lehigh Coal and Navigation Co., . 80,000 00 30,400 00 

2000 " Philadelphia and Reading R.R., . 100,000 00 34.250 00 

331 " Phila.,Ger.,andXorristownR.R., 16,550 00 32,107 00 

70 " Chestnut Hill Railroad, . . 3,500 00 6,790 00 

Philadelphia city warrants, . 761 96 819 10 

$1,658,811 96 31,501,279 85 

Summary of Assets, Dec. 31, 1877. 
Cash value of unencumbered real estate, . 864,520 70 

Loans on mortgage of real estate (first liens *), 1,321,711 77 
Interest due or accrued thereon, . . . 25,241 23 
Stocks, bonds, etc., as per schedule, . . 1,501,279 85 
Cash deposited in Fidelity Trust and Dep. Co., 125,049 33 
Interest due and accrued, .... 1,349 00 

Premiums in course of collection (gross), . 136,720 07 
Rents due and accrued, . . . . . 113 60 

Company's own stock (cost), . . $617,700 

Gross Assets, 83,175,985 55 

Special deposits in other States (net), f 30,280 25 



Balance, 83,145,705 30 

* Value of lands mortgaged, $1,383,850 00 

Value of buildings thereon, 2,767,700 00 



Total value of property mortgaged $4,151,550 00 

Amount of insurance held as collateral 1,054,050 00 

f Deposits in other States for special protection of citi- 
zens of such States, $50,000 00 

Liabilities in such States 19,719 75 

$30,280 25 



244 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Liabilities. 
Losses adjusted, unpaid, .... 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, 
Dividends to stockholders, unpaid, . 
State and local taxes, .... 
Commissions and brokerage, . 
Return premiums, .... $9,904 65 
Re-insurance premiums, . . . 314 75 



$15,971 41 

60,061 50 

14,100 00 

542,254 87 

1,649,998 91 

1,251 00 

4,784 52 

33,189 16 



10,219 40 



Gross Liabilities, except Capital, 



Surplus as regards Policy-holders in this State, 
Paid-up Capital, . . . . . . 



Surplus over Capital, 



2,331,830 77 

$813,874 53 
500,000 00 

$313,874 53 



Income. 

Cash received for fire premiums, . . $1,313,952 46 

Deduct re-insurance, rebate, and return prems. , 126,692 06 

Net cash received for fire premiums, . . $ 

Interest received on bonds and mortgages, .... 
Interest and dividends received from all other sources, . 
Income from all other sources; viz., tax on mortgages, 
$3,692.70; surveys and policy-fees, $2,275.50; transfer 

$3,281, 

Deposits received for perpetual fire risks, . $79,307 19 

Gross Cash Income, . . . $ 



,187,260 40 

79,843 50 

106,758 11 



9,249 20 



,383,111 21 



Expenditures. 



Cash paid for fire losses, 

dividends paid, ..... 
paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for office, agency, and incidental expenses, 



Deposits returned on perpetual fire risks, 
Gross Cash Expenditures, 



$24,969 05 



$634,975 72 

200,000 00 

267,785 15 

49,508 71 

30,188 76 

22,822 50 



,205,280 84 



1877.] INS. CCTS. OF OTHER STATES. 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, . 

Perpetual risks in force, . 



$159,063,830 00 
112,843,317 00 

$271,907,147 00 
97,977,719 00 

$173,929,428 00 
171,100 00 

$173,758,328 00 

$70,228,330 00 



245 



Premiums. 

^2,747,189 61 
1,313,952 46 

54,061,142 07 
1,241,757 73 

£2,819,384 34 

1,587 38 

52,817,796 96 
£1,736,840 96 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Cash dividends declared from organization of company, 
Dividends declared during the year (40 per cent.), 
Losses incurred during the year, ..... 
Company's stock owned by directors, .... 



$7,749,620 00 

3,009,326 00 

1,379,762 00 

200,000 00 

634,780 78 

102,950 00 



FIREMEN'S INSURANCE COMPANY, NEWARK, N.J. 

[Incorporated Dec. 3, 1855. Commenced business Dec. 3, 1855. 
Paid-up Capital, $400,000. 

S. R. W. Heath, President. Secretary, Daniel H. Dunham., 

Office, No. 755 Broad Street. 

Attorney to accept service, Timothy T. Sawyer, Jr., Boston. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds, .... 
Morris and Essex Railroad stock, . 
First National Bank stock, 
Newark City National Bank stock, 
Second National Bank stock, . 
National (Newark) Banking Company stock, 
American Insurance Company stock 
Newark City Insurance Company stock, . 
Germania Insurance Company stock, 



Par value. 

$140,000 00 

11,800 00 

10,000 00 

4,750 00 

2,000 00 

650 00 

7,720 00 

3,750 00 

2,000 00 



Market value. 

$150,625 00 

8,968 00 

10,000 00 

6,650 00 

2,700 00 

877 50 

10,036 00 

3,750 00 

2,000 00 



$182,670 00 $195,606 50 



246 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Summary of Assets, Dec 

Cash value of unencumbered real estate, . 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, . 

deposited in Newark City National Bank 
Premiums in course of collection (gross) , 
Rents due and accrued, .... 

Gross Assets, 



31, 1877. 

$121,000 00 

666,819 00 

19,014 07 

195,606 50 

6,936 28 

16,103 88 

6,503 07 

1,342 50 



-$1,033,325 30 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, .. 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, 
Unpaid scrip ordered to be redeemed, 
Interest due or accrued on scrip, 
Commissions and brokerage, . 
Return premiums, . . . 

Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, 
Paid-up Capital, .... 



Surplus over Capital, 



$3,435 77 




5,650 00 




s, . 119,406 53 




288 80 




2,972 00 




802 80 




681 26 




29 05 


• 




133,266 21 




• • • • • 


$900,059 09 




400,000 00 


• • • • • 


$500,059 09 



Income. 

Cash received for fire premiums, . . . $218,519 74 
Deduct re-insurance, rebate, and return prem's, 8,431 55 

Net cash received for fire premiums, . . $210,088 19 

Interest received on bonds and mortgages, .... 49,779 67 

Interest and dividends received from all other sources, . . 9,676 62 

Income from rents, ......... 3,426 06 



Gross Cash Income, $272,970 54 



Expenditures. 



Cash paid for fire losses, . 
Deduct salvage and re-insurance, 
Net cash paid for fire losses, . 
Cash dividends paid, 
Interest paid scrip-holders, 



)2,065 29 
1,979 04 



$90,086 25 

48,000 00 

122 65 



* Total value of property mortgaged, . 
Amount of insurance held as collateral, 



$1,647,300 00 
1,053,625 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



247 



Cash paid for redemption of scrip, . 

paid for commissions and brokerage, 
paid for salaries of officers and employees, 
paid for State and local taxes, 
paid for dividends to participating poli- 
cies, $16,614.01; repairs, etc., $487.26; 
miscellaneous, $5,346.60, 



$407 00 

23,471 43 

16,776 47 

4,023 04 



22,447 87 



Gross Cash Expenditures, 

Risks and Premiums. 



$205,334 71 



Fire risks outstanding Dec. 31, 1876 
written during 1877, 

Total, ..... 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 



Net amount in force, 



Premiums. 

$250,736 91 
215,931 54 

$466,668 45 
229,839 50 

$236,828 95 
801 60 



28,314,959 00 $236,027 35 



$29,061,877 00 
29,067,229 00 

$58,129,106 00 
29,725,222 00 

$28,403,884 00 
88,925 00 



Miscellaneous. 



Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company 
Dividends declared during the year (12 per cent.), 
Losses incurred during the year, .... 
Company's stock owned by directors, 



1,355,107 08 

702,807 16 

342,500 00 

48,000 00 

81,993 68 

235,800 00 



, FIREMEN'S INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated 1825. Commenced business April 18, 1825.] 
Paid-up Capital, $204,000. 

John F. Halsted, President. Secretary, Thaddeus J. Whitlock. 

Office, No. 153 Broadway. 
Attorney to accept service, Edward Stearns, Boston. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

$220,000 00 $232,137 50 

10,000 00 11,300 00 

7,500 00 9,750 00 

10,000 00 10,600 00 



United States bonds, .... 
Bank of New York stock, 
Metropolitan National Bank stock, 
American Exchange National Bank stock, 



$247,500 00 $263,787 50 



248 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Summary of Assets, Dec. 31, 1877. 

Loans on mortgage of real estate (first liens*), $59,800 00 

Interest due or accrued thereon, . . . 1,446 00 

Stock, bonds, etc., as per schedule, . . 263,787 50 

Cash in the office of the company, . . . 469 76 

deposited in various banks, . . . 7.114 29 

Interest due and accrued, .... 7*25 00 

Premiums in course of collection (gross) , . 3,526 33 
Premiums more than 3 months due, $174 51 

Gross Assets, 6336,86s S8 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Due and accrued for rent, . . 
Commissions and brokerage, . 
Return premiums, ..... 
Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, . 
Paid-up Capital, 



$6,359 53 

100 00 

2,000 00 

25,612 26 

683 33 

359 08 

67 03 



Surplus over Capital, 

Income. 

Cash received for fire premiums, . . . $51,607 03 
Deduct re-iusurance , rebate , and return prem ' s . 2 , 59 S 30 

ISTet cash received for fire premiums, . . 

Interest received on bonds and mortgages, .... 
Interest and dividends received from all other sources, . 

Gross Cash Income, . . . .... 



35,181 23 

$301. 687 05 
204.000 00 

$97,687 65 



$49,008 73 

4.576 19 

21.416 12 

$75,001 04 



Expenditures. 
Cash paid for fire losses, .... $19,748 32 

Deduct salvage and re-insurance, . . . 137 91 

Net cash paid for fire losses, . 
Cash dividends paid, .... 
Cash paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes, 

paid for office, agency, and incidental expenses. 

Gross Cash Expenditures, .... 



$19,610 41 

24.480 00 

4.280 96 

13,900 08 

997 SO 

ft346 68 

$70,615 93 



* Value of lands mortgaged, 
Value of buildings thereon, 



Total value of property mortgaged, . 
Amount of insurance held as collateral, 



$80,000 00 

70,000 00 

$150,000 00 
55,975 00 



1877.] INS. COS. OF OTHER STATES. 

Risks AND PBEMIC 



Fire risks outstanding Dec. 81, 1876, 
written daring 1877, 

Total, 

Deduct risks expired and terminated, 

Ij-j force at end of year. . 
Deduct amount re-insured, 

Net amount hi force, 



249 



$10,990,008 00 101,256 03 
11,423,686 00 51,708 72 



122,413,694 00 $112,964 75 
12,000,436 00 60,290 32 



110,413,258 00 |52,674 43 
233,566 00 i,294 *8 



110,179,692 00 $51,379 95 



Miscellaneous. 

Premiums received from organization oi ny, 

Losses paid froni organization of company , 

C h dividends declared from organization of compj 

D Ldends declared during the year (12 per cent.), 

L es incurred during the year, . 

Company's stock owned by directors, .... 



$3,972,860 30 
2,506,597 39 
1,281,178 17 

24,480 00 
22,663 0} 
58,021 00 



FIREMEN'S INSURANCE COMPANY, DAYTON, OHIO. 

[Incorporated April, 1%5Q. Commenced btufneM 1%.V5.] 

Paid-up Captial, $250,000. 

S. Craighead, President, Secretary, J. S. Miles. 

Attorney to accept service, JLeney X. Bakeb, Boston* 

Detailed Statement of Stocks, Bonos. Etc. 

Par value. Market value. 

United States bonds, §157,500 00 $171,325 00 

Dayton (Ohio) city bonds, .... 25.90000 20,07700 

Music Hall Company's bonds, . . . 6,000 00 0.000 00 

Troy (Ohio) bonds, 10,000 00 10.000 00 

Wapakoneta (Ohio; bonds, .... 4.000 00 4.000 00 

Montgomery County (Ohio; bonds, . . 1,850 00 1.350 00 

Auglaize County (Ohio; bonds, . . . 500 00 500 00 

Darke County (Ohio; bonds, .... 1,50000 1.50000 

135 shares Merchants' Nat ; l Bank, Cincinnati, 13,500 00 15.000 00 

22 " Dayton National Bank, . . . 2,200 00 2.070 00 



•3222,450 00 £240,252 00 



32 



250 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Securities held as collateral for cash loans : — 



Eagle White Lead Company stock, 
Cooper Hydraulic Company stock, . 
Second National Bank stock, Dayton, 
Farmers' National Bank stock, Greenville, 
Merchants' National Bank stock, Dayton, 
Cooper Insurance Company stock, Dayton, 



Market value. Loaned thereon. 



$18,000 00 
20,000 00 
14,000 00 
17,340 00 
17,300 00 
5,000 00 



$10,000 00 

10,000 00 

6,000 00 

12,000 00 

3,000 00 

3,385 67 



$91,640 00 $44,385 67 



Summary of Assets, Dec 

Cash value of unencumbered real estate, 

Loans on mortgage of real estate (first liens *) 

Interest due or accrued thereon, 

Stock, bonds, etc., as per schedule, 

Loans on collateral security, as per schedule, 

Cash in the office of the company, . 

deposited in bank, .... 
Interest due and accrued, 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
Rents due and accrued, .... 
Re-insurance due, ..... 
Gross Assets, . . . 



31, 1877. 

$8,967 82 
49,577 27 

2,527 91 

240,282 00 

44,385 67 

6,924 48 
14,609 35 

2,510 63 
20,388 95 

2,895 03 

150 00 

16,069 93 



$409,289 04 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Dividends to stockholders unpaid, . 
State and local taxes, .... 
Commissions, brokerage, and re-insurance, 
Gross Liabilities, except Capital, 

Surplus as regard Policy-holders, 
Paid-up Capital, ..... 



$13,958 30 
3,000 00 
1,200 00 

68,601 98 
1,104 00 
1,116 56 

11,376 77 



100,357 61 

$308,931 43 
250,000 00 



Surplus over Capital, 



,931 43 



* Value of lands mortgaged, 
Value of buildings thereon, 



Total value of property mortgaged, 
Amount of insurance held as collateral, 



$91,950 00 
48,500 00 

$140,450 00 
20,200 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



251 



Income. 

Cash received for fire premiums, . . . $121,234 37 
Deduct re-insurance, rebate, and return prem's, 27,680 58 

Net cash received for fire premiums, . . $93,553 79 

Interest received on bonds and mortgages, . . . . 7,168 20 

Interest and dividends received from all other sources, . . 19,533 50 

Income from rents, 200 00 



Gross Cash Income, . . . ..... $120,45549 



Expenditures. 



Cash paid for fire losses, ...... 

dividends paid, ...... 

paid for commissions and brokerage, 

paid for salaries of officers and employees, . 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 

Gross Cash Expenditures, . . . . 



,485 44 
30,196 00 
17,636 18 
11,707 34 
4,683 08 
14,340 32 

$119,048 36 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 



Risks and Premiums. 

Premiums. 

$14,466,442 00 $152,309 44 
11,284,339 00 121,234 37 



jl otai, • • • . . 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



$25,750,781 00 $273,543 81 
12,600,105 00 139,401 98 



$13,150,676 00 $134,141 83 
. 162,568 00 1,862 83 



$12,988,108 00 $132,279 00 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (12| per cent.), 
Losses incurred during the year, ..... 
Company's stock owned by directors, . ... 



,096,917 88 

362,614 02 

314,892 40 

31,250 00 

53,478 71 

67,980 00 



252 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



FIREMAN'S FUND INSURANCE COMPANY, SAN FRANCISCO, 

CALIFORNIA. * 

[Incorporated May, 1863. Commenced business June, 1863.] 

Paid-up Capital, $300,000. 

D. J. Staples, President. Secretary, George D. Dornin. 

Attorney to accept service, Nathaniel Foster, Jr., Belmont. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

$145,000 00 $153,700 00 

5,750 00 3,350 00 

13,300 00 12,635 00 

. • . .. 3,286 25 

5,776 40 



United States registered bonds, 

South Carolina State bonds, . 

133 shares First Nat'l Bank, San Francisco, 

Loans with mortgage security, 

Personal notes indorsed, .... 



$178,747 65 



Securities held as collateral for cash loans : — 

165 shares National Bank and Trust Co., 
150 " Savings and Loan Society Bank, 
100 " First National Bank, . 
351 " California Powder Co.,. 
2000 < ' Eldorado D. W. and G. Mining Co. 



Market value. Loaned thereon. 



$12,375 00 
30,000 00 
9,500 00 
35,100 00 
30,000 00 



$8,450 00 
20,000 00 

6,000 00 
19,000 00 

5,000 00 



$116,975 00 $58,450 00 



Summary of Assets, Dec 

Cash value of unencumbered real estate, . 

Loans on mortgage of real estate (first liens f ) , 

Interest accrued thereon, 

Stocks, bonds, etc., as per schedule, 

Loans on collateral security, as per schedule, 

Cash in the office of the company, . 

deposited in various banks, 
Interest due and accrued, 
Premiums in course of collection (net) , . 
Notes taken for marine and inland risks, 



31, 1877. 

$225,000 00 

152,364 00 

1,563 78 

178,747 65 
58,450 00 
4,608 68 
51,003 95 
695 79 
45,258 45 
19,975 00 



* The business of this company is conducted on a gold basis. 

f Value of lands mortgaged, . $347,820 00 

Value of buildings thereon, . 121,150 00 

Total value of property mortgaged, $468,970 00 

Amount of insurance held as collateral, 89,200 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



253 



Rents due and accrued, . 
Re-insurance due, . 

Gross Assets, . 
Special deposits in Oregon (net), 



Balance, 



$105 10 
865 16 



$970 26 



$738,637 56 
*44,861 15 

$693,776 41 



Liabilities. 



Losses adjusted, unpaid, . 

claimed and reported, 
disputed or resisted, 

Total amount of losses, 
Less re-insurance, . 

Net amount of unpaid losses, 
Unearned premiums on outstanding risks 
Dividends to stockholders unpaid, . 
Bills payable, etc., .... 
Gross Liabilities, except Capital, 



$2,301 95 

29,751 94 

4,000 00 

$36,053 89 
1,500 00 

$34,553 89 

271,504 05 

474 49 

2,934 86 



Surplus as regards Policy-holders in this State, 
Paid-up Capita], ....... 



Surplus over Capital, ..... 

Income. 

Cash received for fire premiums, . . . $486,250 54 

Deduct re-insurance, rebate, and return prem's, 69,721 70 

Net cash received for fire premiums, . . 

Cash received for marine and inland prem's, . $116,528 32 

Deduct re-insurance, rebate, and return prem's, 29,216 35 

Net cash received for marine and inl'd prem's, 

Unpaid premium notes rec'd during the year, . $19,975 00 

Interest and dividends received from all sources, . 

Income from rents, ... . . . . $20,558 10 

from policy fees, ..... 75 00 



309,467 29 

$384,309 12 
300,000 00 

$84,309 12 



$416,528 84 

87,311 97 
28,238 05 

20,633 10 



Gross Cash Income, . $552,711 96 



Expenditures. 

Cash paid for fire losses, . 

Deduct salvage and re-insurance, 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, 

Deduct salvage and re-insurance, 

Net cash paid for marine and inland losses, 



$223,436 64 
12,904 99 



,826 90 
31,635 73 



$210,531 65 
65,191 17 



* Deposit in Oregon for special protection of citizens of said State, . $50,000 00 
Liability in said State, 5,138 85 



$44,861 15 



254 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Cash dividends paid, 

paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 

Gross Cash Expenditures, .... 



$66,768 00 

57,423 33 

40,700 00 

9,242 11 

68,696 68 

$518,552 94 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 

Marine risks outstanding Dec. 31, 1876, 
written during 1877, . 

Total 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount re-insured, 

Net amount in force, 



$26,986,268 00 
36,151,243 00 

$63,137,511 00 
29,606,817 00 

$33,530,694 00 
2,236,953 00 



Premiums. 

$450,992 08 
511,945 51 

$962,937 59 
481,081 61 

$481,855 98 
30,435 45 



$31,293,741 00 $451,420 53 



$918,120 00 

4,257,516 00 

$5,175,636 00 

4,407,305 00 

$768,331 00 

111,047 00 



$59,585 46 
119,040 22 

$178,625 68 
123,675 93 

$54,949 75 
6,457 87 



$657,284 00 $48,491 88 



Miscellaneous . 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Cash dividends declared from organization of company, 
Dividends declared during the year (22 per cent.), 
Losses incurred during the year, ..... 
Company's stock owned by directors, . 



$5,025,401 88 

3,365,237 85 

718,000 00 

66,000 00 

274,820 76 

44,400 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



255 



FRANKLIN FIRE INSURANCE COMPANY, PHILADELPHIA, PA. 

[Incorporated April 22, 1829. Commenced business June, 1829.] 
Paid-up Capital, $400,000. 

Alfred G. Baker, President. Secretary, Theodore M. Reger. 

Office, No. 421 Walnut Street. 

Attorney to accept service, John C. Paige, Boston. 



Detailed Statement of Stocks 



United States bonds, 
Mississippi State warrants, 
New Jersey exempt bonds, 
Philadelphia city bonds, 6s, new, 
Columbus city bonds, 
Camden city bonds, 6s, . 
West Jersey Railroad bonds, 7s, 
Philadelphia and Reading Railroad bonds, 
Pennsylvania Railroad bonds, 
Harrisburg, P. L. and Mt. Joy Railroad bonds 
Hestonville, M. and F. Railroad bonds, . 
American Steamship Company bonds, 
100 shares Commercial National Bank, . 
16 " Continental Hotel Company, . 



Securities held as collateral for cash loans : — 

United States bonds, 

20 shares Metropolitan Nat'lB'k, Washington, 
Hestonville, M. and F. Railroad bonds, . 
90 shares West Philadelphia Railroad, . 
36 " Pennsylvania Railroad, 
New Jersey exempt bonds, .... 
Harrisburg, P. L. and Mt. Joy Railroad bonds, 
West Chester and Philadelphia Railroad bonds, 
Catawissa Railroad bonds, .... 



Bonds, Etc. 

Par value. 

$250,000 00 33 
15,000 00 

5,000 00 
50,000 00 
15,000 00 

1,000 00 
10,000 00 

8,000 00 
15,000 00 
25,000 00 
10,000 00 
10,000 00 

5,000 00 / 

1,600 00 



Market value. 

5264,187 50 

12,750 00 

5,500 00 

56,062 50 

16,250 00 

1,100 00 

9,500 00 

5,725 00 

15,750 00 

26,250 00 

8,800 00 

7,400 00 

5,650 00 

1,280 00 



$420,600 00 $436,205 00 



Market value. Loaned thereon. 



$11,064 37 
2,200 00 
13,200 00 
5,850 00 
1,188 00 
1,100 00 
2,100 00 
2,260 00 
1,060 00 



$9,475 00 
1,700 00 

12,000 00 

5,150 00 

850 00 



5,000 00 



$40,022 37 $34,175 00 



Summary of Assets, Dec. 31, 1877. 

Cash value of unencumbered real estate, . $171,250 00 

Loans on mortgage of real estate (first liens*), 2,419,089 15 
Interest due or accrued thereon, . . . 44,265 26 



* Total value of property mortgaged, . 
Amount of insurance held as collateral, 



55,269,195 00 
2,569,325 00 



256 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Stocks, bonds, etc., as per schedule, 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
deposited in various banks, . 
Interest due and accrued, 
Premiums in course of collection (net), 
Re-insurance deposit premiums, 

Gross Assets, .... 
Special deposits in other States (net), 



Balance, 



$436,205 

34,175 

7,235 

203,015 

1,410 

46,443 

356 



00 
00 
08 
73 
96 
31 
25 



-$3,363,445 74 
. *47,304 60 

$3,316,141 14 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, . 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, 
Dividends to stockholders unpaid, . 
Surveys, ....... 

Gross Liabilities, except Capital, 

Surplus as regards Policy-holders in this State, 
Paid-up Capital, ....... 



$54,869 

27,212 

571,350 

1,454,357 

576 
3,640 



31 

89 
31 
00 
00 



Surplus over Capital, . 

Income. 

Cash received for fire premiums, 

Deduct re-ins., rebate, and return premiums, 

Net cash received for fire premiums, 

Interest received on bonds and mortgages, 

Interest and dividends received from all other 

Income from rents, surveys, etc., 

Deposits received for perpetual fire risks, 

Gross Cash Income, .... 



- 2,112,006 39 

$1,204,134 75 
. 400,000 00 

. $804,134 75 



$835,752 
97,642 



74 

50 



sources, 



$738,110 24 

139,101 04 

25,481 36 

11,066 03 



$64,545 66 



Expenditures. 
Cash paid for fire losses, . . . ... 

Cash dividends paid (gold), ..... 

Cash paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 
Deposits returned on perpetual fire risks, . $54,816 

Gross Cash Expenditures, 



06 



$913,758 67 

$394,388 92 

128,352 00 

112,973 94 

86,682 71 

35,488 54 

129,627 35 

$887,513 46 



* Deposits in other states for special protection of citizens of 

such States $57,750 00 

Liabilities in such States, 10,445 40 



$47,304 60 



1877.] INS. CO'S. OF OTHER STATES. 257 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Perpetual risks in force, . 



Premiums. 

$154,333,870 55 $2,723,164 81 
72,709,146 68 907,470 13 



$227,043,017 23 $3,630,634 94 
77,869,338 83 917,379 27 



$149,173,678 40 $2,713,255 67 
61,475,889 53 1,555,657 93 



Miscellaneous. 

Premiums received from organization of company, . $19,146,913 65 
Losses paid from organization of company, . . . 10,758,673 51 
Cash dividends declared from organization of company, . 3,580,000 00 
Dividends declared during the year (32 per cent.), gold, . 128,000 00 

Losses incurred during the year, 394,389 00 

Company's stock owned by directors, 58,300 00 



GERMANIA INSURANCE COMPANY, NEWARK, N.J. 

[Incorporated March 17, 1870. Commenced business April 20, 1870.] 
Paid-up Capital, $200,000. 

James M. Paterson, President. Secretary, Julius B. Brose. 

Office, No. 781 Broad Street. 
Attorney to accept service, Herbert H. Westgate, Melrose. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, . . ... $13,000 00 $13,898 75 
Newark city bounty bond, .... 500 00 525 00 



$13,500 00 $14,423 75 
Securities held as collateral for cash loans : — 

Market value. Loaned thereon. 

50 shares Pennsylvania Railroad, . . . $3,000 00 $1,800 00 
10 " State Banking Company, . . 900 00 700 00 

30 " Newark City Insurance Company, . 1,500 00 1,000 00 



$5,400 00 $3,500 00 
33 



258 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Summary op Assets, Dec 

Cash value of unencumbered real estate, 

Loans on mortgage of real estate (first liens *) 

Interest due or accrued thereon, 

Stocks, bonds, etc., as per schedule, 

Loans on collateral security, as per schedule, 

Cash in the office of the company, . 

deposited in various banks 
Interest due and accrued, . . 
Premiums in course of collection (gross), 
Re-insurance due, ..... 
Office furniture, .... $2,984 11 
Gross Assets, 



31, 1877. 



1,598 73 

146,485 00 

7,863 33 

14,423 75 

3,500 00 
1,653 58 
7,931 81 

165 00 
8,255 02 

882 50 



$255,758 72 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, 
Paid-up Capital, .... 



Surplus over Capital, 



Income 



$3,785 41 

600 00 

40,607 14 

* 1,651 00 



Cash received for fire premiums, 
Deduct re-insurance, rebate, and return prem's, 
Net cash received for fire premiums, 
Interest received on bonds and mortgages, 
Interest and dividends received from all other 

Income from rents, 

from commissions, 



$101,395 14 
14,179 13 



Gross Cash Income, 



46,643 55 

$209,115 17 
200,000 00 

$9,115 17 



sources, . 

$1,184 50 i 
931 66 f 



$87,216 01 
7,596 98 
2,644 98 

2,116 16 
$99,574 13 



Expenditures. 

Cash paid for fire losses, .... 
Deduct salvage and re-insurance, 
Net cash paid for fire losses, . 
Cash dividends paid, 



$83,166 82 
2,989 46 



,177 36 
15,750 00 



* Value of lands mortgaged $198,700 00 

Value of buildings thereon, 175,000 00 

Total value of property mortgaged, $373,700 00 

Amount of insurance held as collateral, .... 159,200 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



259 



Cash paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes, 

paid for interest on borrowed money, 

paid for office, agency, and incidental expenses, 

Gross Cash Expenditures, .... 
Risks and Premiums. 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



$10,439,128 00 
10,067,966 00 

$20,507,094 00 
11,879,474 00 

$8,627,620 00 
414,781 00 

$S,212,839 00 



$20,234 20 

8,506 75 

2,483 39 

2,347 78 

12,910 48 

$142,409 96 



Premiums. 

$121,453 29 
96,025 61 

$217,478 90 
132,378 87 

$85,100 03 
4,500 60 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, 

Cash dividends declared from organization of company, 

Dividends declared during the year, 

Losses incurred during the year, ..... 

Company's stock owned by directors, .... 



,599 43 



$590,338 02 
260,204 65 
86,334 85 
15,750 00 
80,260 94 
35,000 00 



GERMANIA FIRE INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated March, 1859. Commenced business March, 1859.] 
Paid-up Capital, $500,000. 

Rudolph Garrigue, President. Secretary, Hugo Schumann. 

Office, No. 175 Broadway. 
Attorney to accept service, Chas. J. Pickford, Lynn. 



Detailed Statement of 

United States bonds, 

New York city bonds, 

New York County Court House stock, 

Brooklyn Permanent Water loan, . 

Brooklyn Park loan, 

Kings County bonds, 

Buffalo City Park bonds, 

Rochester City bonds, 

National Park Bank stock, 



Stocks, Bonds, Etc. 

Par value. Market value. 

$525,000 00 $559,000 00 

74,000 00 77,750 00 

15,000 00 15,900 00 

26,000 00 28,080 00 

8,000 00 8,640 00 

16,000 00 17,280 00 

25,000 00 27,500 00 

2,000 00 2,200 00 

5,000 00 5,300 00 



$696,000 00 $741,650 00 



260 



FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Securities held as collateral for cash, loans : 



328 shares National State Bank, Elizabeth, 

20 

15 
7 

10 

58 

52 
100 

40 
178 

80 

to 

40 



Sterling Fire Insurance Company, 
United States Express Company, 
Western Union Telegraph Co., 
Germania Life Insurance Co., 
First National Bank, Jersey City, 
Gallatin National Bank, 
Merchants' National Bank, 
New York Life and Trust Co., 
North River Insurance Company, 
United States Fire Insurance Co., 
First National Bank, Jersey City, 
People's Bank, 

New York Central Railroad bonds, 

United States bonds, 

Brooklyn City bonds, 

New York and Harlem Railroad bonds, 

150 shares Germania Life Insurance Co. 

United States bonds, 



J 



[■ 114,500 00 
1,000 00 
6,000 00 



Market value. Loaned thereon. 

$16,400 00 
2,000 00 

705 00 

532 00 
2,300 00 
5,800 00 
3,042 00] 
5,800 00 I 
10,000 00 j» 15,000 
5,125 00 
1,162 50 _ 
4,000 00 >, 

3,135 00 ' 



7,931 25 [ r 
5,200 00 I 
7,080 00 
8,625 OOJ 
10,075 00 



30,000 00 



9,600 00 



$99,512 75 176,100 00 



Summary of Assets, Dec. 31, 1877. 



Cash value of unencumbered real estate, 

Loans on mortgage of real estate (first liens*), 

Interest due or accrued thereon, 

Stocks, bonds, etc., as per schedule, 

Loans on collateral security, as per schedule, 

Cash in the office of the company, . 

deposited in various banks, 
Interest due and accrued, .... 

Premiums in course of collection (net), . 

Gross Assets, ...... 

Special deposit in Mississippi (net), 

Balance, ...... 



$60,838 55 

560,500 00 

18,650 00 

741,650 00 

76,100 00 

12,764 31 

82,465 31 

4,346 12 

74,506 50 



-$1,631,820 79 
. f 3,970 51 

$1,627,850 28 



* Value of lands mortgaged, 
Value of buildings thereon, 



Total value of property mortgaged, 
Amount of insurance held as collateral, 



$533,600 00 
657,200 00 

$1,190,800 00 
542,150 00 



t Deposit in Mississippi for protect'n of citizens of said State, $7,500 00 

Liability in said State, 3,529 49 



5,970 51 



1877.] INS. CO'S. OF OTHER STATES. 

Liabilities. 



261 



Losses adjusted, unpaid, .... 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Gross Liabilities, except Capital, 



$11,512 66 

19,178 66 

38,008 11 

$410,082 74 



Surplus as regards Policy-holders in this State, 
Paid-up Capital, 

Surplus over Capital, 



$478,782 17 



$1,149,068 11 
. 500,000 00 

. $649,068 11 



Income. 

Cash received for fire premiums, . . . $754,991 93 
Deduct re-insurance, rebate, and return prem's, 72,172 02 

Net cash received for fire premiums, . . $682,819 91 

Interest received on bonds and mortgages, .... 52,252 41 
Interest and divid'srec'd from all other sources, . . . 36,595 54 



Gross Cash Income, . . . . .... $771,66786 



Expenditures. 



Cash paid for fire losses, . . . . 

Deduct salvage and re-insurance, 

Net cash paid for fire losses, . ..... — 

Cash dividends paid, . . . . . . 

Cash paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 

Gross Cash Expenditures, .... 



. $338,420 46 
11,242 28 



$327,178 18 

150,000 00 

116,884 98 

74,252 38 

16,527 98 

106,711 29 

. $791,554 81 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 



Risks and Premiums. 

Premiums. 

$80,721,949 95 $899,770 23 
78,551,434 87 754,991 93 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 



$159,273,384 82 $1,654,762 16 
79,007,852 73 820,084 89 



,265,532 09 $834,677 27 
2,098,296 50 18,662 16 



Net amount in force, 



178,167,235 59 $816,015 11 



262 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Cash dividends declared from organization of company, 
Dividends declared during the year (30 per cent.), 
Losses incurred during the year, .... 

Company's stock owned by directors, .... 



$10,148,007 33 

4,818,539 75 

936,000 00 

150,000 00 

321,272 94 

147,350 00 



GERMAN AMERICAN INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated March 7, 1872. Commenced business March 7, 1872.] 
Paid-up Capital, $1,000,000. 

Emil Oelbermann, President. Secretary, James A. Silvey. 

Office, No. 179 Broadway. 
Attorney to accept service, E. G. Snow, Jr., Boston. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 



United States bonds, 
Missouri State bonds, 6s, 
Rochester city bonds, 7s, 
Buffalo city bonds, 7s, . 
Yonkers city bonds, 7s, . 
Central Pacific Railroad bonds, 
Union Pacific Railroad bonds, 
Chicago, R. L, and P. Railroad bonds, 
New York Central Railroad bonds, 
Syracuse, Bing., and N. Y. Railroad bonds, 
Delaware, L., and Western Railroad bonds, 
N. Y. and Harlem Railroad stock, . 



$1,250,000 00 $1,342,350 00 
. 50,000 00 52,500 00 



40,000 00 
25,000 00 
21,000 00 
50,000 00 
50,000 00 
50,000 00 
50,000 00 
20,000 00 
8,000 00 
50,000 00 



44,000 00 
27,500 00 
23,100 00 
52,500 00 
52,250 00 
53,000 00 
52,000 00 
20,000 00 
8,000 00 
71,000 00 



,664,000 00 $1,798,200 00 



Securities held as collateral for cash loans : — 



College Point (L. I.) water bonds, . 

United States bonds, 

N. Y. and Harlem Railroad stock, 

California and Oregon Railroad bonds, 

Missouri State bonds, 

Union Pacific Railroad bonds, 

Central Pacific Railroad bonds, 



Market value. Loaned thereon. 



$15,750 00 

107,102 00 

28,400 00 1 

3,360 00 

7,350 00 

12,540 00 

21,000 00 j 



$12,000 00 
94,200 00 



60,000 00 



1877.] 



INS. CCTS. OF OTHER STATES. 



263 



United States bonds, 
Union Pacific R. R. bonds, 
Buffalo city bonds, 
United States bonds, 
Buffalo city bonds, 



175,567 00 

20,90Q 00 

5,500 00 

17,870 00 

16,500 00 



$90,000 00 



30,000 00 



$331,839 00 $286,200 00 



Summary of Assets, Dec. 31, 1877. 
Stocks, bonds, etc., as per schedule, . $1,798,200 00 
Loans on collateral security, as per schedule, . 286,200 00 
Cash in the office of the company, . . . 2,498 01 
deposited in various banks, ... . 167,991 81 
Premiums in course of collection (gross) , . 69,819 21 
Premiums more than 3 months due, $298 71 

Gross Assets, ...... 

Special deposit in Georgia (net), 



Balance, 



-$2,324,709 06 
. *22,252 17 

$2,302,456 89 



Liabilities. 



Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, .... 
Less re-insurance, ..... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Return premiums, ..... 
Gross Liabilities, except Capital, 



$25,232 82 
63,256 82 
10,766 13 

$99,255 77 
27 00 



1,228 77 

524,767 34 

13,450 41 

311 57 



637,758 09 



Surplus as regards Policy-holders in this State., . $1,664,698 80 
Paid-up Capital, 1,000,000 00 



Surplus over Capital, 



. $664,698 80 



INCOME. 

Cash received for fire premiums, . . $1,072,574 32 

Deduct re-insurance, rebate, and return prem's, 139,524 72 

Net cash received for fire premiums., , . $933,049 60 

Interest and dividends received from all sources, . . . 115,618 41 



Gross Cash Income, 



$1,048,668 01 



* Deposit in Georgia for special protection of citizens of said State, $25,000 00 
Liability in said State 2,747 83 



264 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

Expenditures. 



Cash paid for fire losses, . 

Deduct salvage and re-insurance, 

Net cash paid for fire losses, . 

Cash dividends paid, .... 

paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 

Gross Cash Expenditures, 

Kisks and Premiums. 



$425,200 26 
8,647 82 



$416,552 44 
100,000 00 
139,354 21 

94,620 77 
24,808 77 
98,645 18 

$873,981 37 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

• Total, . . 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 



Net amount in force, 



Premiums. 

$86,745,313 00 $974,388 45 
121,115,117 00 1,061,780 27 



$207,860,430 00 $2,036,168 72 
99,110,800 00 984,242 45 



$108,749,630 00 $1,051,926 27 
2,162,658 00 22,256 97 



$106,586,972 00 $1,029,669 30 



Miscellaneous. 



Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.) . 

Losses incurred _ during the year, 

Company's stock owned by directors, .... 



$5,420,798 47 
2,229,570 54 
. 440,000 00 
. 100,000 00 
. 454,797 34 
. 298,100 00 



GIRARD FIRE AND MARINE INSURANCE COMPANY, PHILA- 
DELPHIA, PA. 

[Incorporated March, 1853. Commenced business May, 1853.] 

Paid-up Capital, $300,000. 

Alfred S. Gillett, President. Secretary, Philander C. Royce. 

Attorney to accept service, James Swords, Boston. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, $142,000 00 $150,715 00 



Philadelphia city loan, . 
Louisville city loan, 
St Louis city loan, .... 
American Steamship Company bonds, 



17,800 00 

10,000 00 

10,000 00 

5,000 00 



19,936 00 

10,000 00 

10,500 00 

3,750 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



265 



Union Pacific R.R. bonds, 
Pennsylvania R.R. bonds, 
Dan., H., and Wilkesbarre R.R. bonds, 
Camden and Amboy R.R. bonds, . 
Connecting R.R. Co. bonds, . 
Phila. and Reading R.R. bonds, 
No. Pennsylvania R.R. bonds, 
Lancaster and Reading R.R. bonds, 
Lehigh Navigation Co. bonds, 
Susquehanna Coal Co. bonds, 
Philadelphia and Erie R.R. bonds, . 

25 shares Phila, Wil. and Bait. R.R., 
400 " Phila. and Reading R.R., . 
Personal loans secured, ... 



Securities held as collateral for cash loans : 
20 shares Pennsylvania Railroad, . 

Summary of Assets, Dec. 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens*), 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Loans on collateral security, as per schedule, . 
Cash in the office of the company., . 
deposited in the various banks, 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Rents due and accrued, $1,653.44 ; perpetual 

insurance deposit, $1,900, . 
Premiums more than 3 months due, $899 58 
Gross Assets, 

Liabilities. 

Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, 
Due and accrued for rent, salaries, etc., 
State and local taxes, 
Commissions and brokerage, . 
Return premiums and re-insurance, 
Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, 
Paid-up Capital, " . 



$5,000 00 
18,000 00 
20,000 00 
17,000 00 
10,000 00 

5,000 00 

5,000 00 
10,000 00 
11,000 00 

3,000 00 
15,000 00 

2,500 00 
20,000 00 



$5,350 00 

19,565 00 

10,000 00 

18,150 00 

10,000 00 

2,850 00 

5,550 00 

10,000 00 

11,220 00 

2,100 00 

15,250 00 

1,575 00 

6,800 00 

6,600 00 

$319,911 00 



Market value. Loaned thereon. 

$660 00 $350 00 

31, 1877. 

$266,600 00 

390,866 65 

9,475 87 

319,911 00 

350 00 

2,601 77 

63,178 43 

882 80 

30,853 86 



3,553 44 



$21,410 04 
248,461 27 
63,008 64 
1,894 30 
4,251 80 
6,959 64 
1,787 63 



-$1,088,273 82 



- 347,773 32 

. $740,500 50 
. 300,000 00 



Surplus over Capital, 



. $440,500 50 



* Total value of property mortgaged, $1,008,950 00 

Amount of insurance held as collateral, .... 345,750 00 

34 



266 



FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Income. 

Cash received for fire premiums, . . . $350,124 63 
Deduct re-insurance, rebate, and return prem's, 26,586 87 

Net cash received for fire premiums, . . ■ $323,538 26 

Interest received on bonds and mortgages, .... 23,303 84 
Interest and dividends received from all other sources, . . 21,438 49 
Income from rents, . 10,120 90 



Gross Cash Income, $378,40149 



Expenditures. 



Cash paid for fire losses, 

Cash dividends paid, ..... 
Cash paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 



Deposits returned on perpetual fire risks, 
Gross Cash Expenditures, 



$1,940 85 



$166,751 58 
75,000 00 
50,406 67 
36,241 44 
15,324 23 
22,264 43 



. $365,988 35 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 



Risks and Premiums. 

Premiums. 

$48,046,342 00 $622,191 78 
36,406,766 00 352,669 28 



-Lota I, • • • • • 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, . 
Perpetual risks in force, . 



$84,453,108 00 $974,861 06 
40,543,016 00 419,766 43 



$43,910,092 00 $555,094 63 
357,332 00 3,569 12 



$43,552,760 00 $551,525 51 



!,768,234 00 $73,776 79 



Miscellaneous . 

Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (25 per cent.), . 
Losses incurred during the year, ..... 
Company's stock owned by directors, . 



54,365,729 00 

1,845,030 58 

523,331 00 

75,000 00 

122,724 49 

99,600 00 



1877.] INS. CO'S. OF OTHER STATES. 267 

GLEN'S FALLS INSURANCE COMPANY, GLEN'S FALLS, N.Y. 

[Incorporated May, 1849. Commenced business May, 1850.] 
Paid-up Capital, $200,000. 

R. M. Little, President, Secretary, J. L. Cunningham. 

Attorney to accept service, James Goodman, Boston. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, $340,000 00 $349,575 00 

First National Bank stock, .... 10,000 00 15,000 00 



$350,000 00 $364,575 00 
Securities held as collateral for cash loans : — 

Market value. Loaned thereon. 

20 shares Schuylerville National Bank, . . $2,200 00 $1,500 00 
160 " Glen's Falls National Bank, . . 12,000 00 8,000 00 
Bond and mortgage (first lien), . . .1,500 00 1,500 00 



$15,700 00 $11,000 00 

Summary of Assets, Dec. 31, 1877. 

Cash value of unencumbered real estate, . $14,200 00 

Loans on mortgage of real estate (first liens *), 366,558 50 

Interest due or accrued thereon, . . . 4,741 53 

Stock, bonds, etc., as per schedule, . . 364,575 00 

Loans on collateral security, as per schedule, . 11,000 00 

Cash in the office of the company, . . . 778 44 

deposited in various banks, . . . 74,364 83 

Premiums in course of collection (gross), . 14,546 10 
Premiums more than 3 months due, $3,053 94 

Gross Assets, • $850,764 40 f 

Liabilities. 

Losses adjusted, unpaid, $13,263 89 

claimed and reported, .... 11,232 00 

disputed or resisted, .... 2,950 00 



* Value of lands mortgaged $530,000 00 

Value of buildings thereon, . . . . . . . 407,700 00 

Total value of property mortgaged, $937,700 00 

Amount of insurance held as collateral, .... 248,437 00 

t Including $160,000 special reserve fund, held under New York law. 



268 FIRE, MARINE, AND FIRE-MARINE [Dec. 31. 



Unearned premiums on outstanding risks, . $286,578 19 
Commissions and brokerage, . . . . 2,913 92 

Gross Liabilities, except Capital, . . $316,938 00 



Surplus as regards Policy-holders, . . . . . $533,826 40 
Paid-up Capital, 200,000 00 



Surplus over Capital, 



. $333,826 40 



Income. 

Cash received for fire premiums, . . . $338,637 32 
Deduct re-insurance, rebate, and return prem's, 33,073 45 

Net cash received for fire premiums, . . $305,563 87 

Interest received on bonds and mortgages, .... 23,151 48 

Interest and dividends received from all other sources, . . 19,471 78 

Income from rents, . . . . . . . . . 387 00 



Gross Cash Income, 



,574 13 



Expenditures. 

Cash paid for fire losses, $180,471 22 

Deduct salvage and re-insurance, . . . 3,598 41 

Net cash paid for fire losses, . 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes 



paid for office, agency, and incidental expenses, 
Gross Cash Expenditures, . . 



$176,872 81 
20,000 00 
53,332 91 
19,270 98 
5,282 86 
18,713 16 

. $293,472 72 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, ..... 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



Premiums. 

$64,924,856 00 $599,291 96 
35,143,770 00 338,637 32 



$100,068,626 00 $937,929 28 
37,179,154 00 351,948 10 



$62,889,472 00 $585,981 18 
72,838 00 393 74 



$62,816,634 00 $585,587 44 



1877.] 



INS. CO'S. OF OTHER STATES. 



269 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Losses incurred during the year, ..... 
Company's stock owned by directors, .... 



$3,261,028 97 

1,875,753 69 

210,000 00 

20,000 00 

187,772 39 

66,810 00 



GRANITE INSURANCE COMPANY, RICHMOND, YA. 

[Incorporated March 25, 1875. Commenced business April, 1875.] 
Paid-up Capital, $200,000. 

Gilbert C. Walker, President. Secretary, Thomas G. Peyton. 

Office, No. 1103 Main Street. 

Attorney to accept service, John T. Cheppu, Boston. 

Detailed Statement of Stocks, Bonds, Etc. 



United States bonds, 
Virginia State bonds, 
Richmond city bonds, 
National Bank of Virginia stock, 



Securities held as collateral for cash loans : - 

30 shares City Savings Bank, 

13 " Virginia Home Insurance Co., 

60 " State Bank of Virginia, . 

12 " Farmville Ins. and Banking Co., 

10 u National Bank of Virginia, 

90 " Planters' National Bank, 

30 " Commercial Savings Bank, 

50 " Richmond Banking and Ins. Co., 

South Side Railroad bonds, 
50 shares Merchants' National Bank, . 

Orange and Alexandria Railroad bonds, . 

150 shares Merchants and Planters' Sav. B'k, 
10 " Planters' National Bank, 
10 " First National Bank, 
50 " City Savings Bank, 
25 " Citizens' Bank of Richmond, . 
6 " Old Dominion Steamship Co., 

150 " Merchants and Planters' Sav. B'k, 

Virginia State bonds, .... 



Par value. 


Market value. 


. $50,500 00 


$54,525 00 


10,000 00 


5,700 00 


13,300 00 


14,425 50 


5,000 00 


4,250 00 


$78,800 00 


$78,900 50 


Market value. ! 


loaned thereon. 


$675 00 
1,378 00 


- $1,701 41 


4,800 00 


4,309 91 


1,200 00 


861 98 


850 00 


861 98 


10,620 00 


8,619 85 


1,125 00 


806 69 


1,500 00 


861 98 


3,500 00 
3,750 00 


- 5,684 15 


1,200 00 


861 98 


3,450 00^ 




1,180 00 




1,200 00 
. * 1,125 00 


- 6,298 34 


625 00 




510 00 J 




3,450 00 


2,961 63 


2,850 00 


2,154 97 



270 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



290 shares Merchants and Planters' Sav. B'k, $6,670 00 

50 " Union Bank of Richmond, . . 2,250 00 

10 " State Bank of Virginia, . . . 800 00 

2 " Old Dominion Steamship Co. , . 170 00 

20 " Merchants and Mechanics' Ins. Co., 1,900 00 

Tirgiaia coupons, ...... 2,593 00 

Loans on call, since paid, 



Summary of Assets, Dec. 31, 1877. 



Loans on mortgage of real estate (first liens *) , 
Interest due and accrued thereon, . 
Stocks, bonds, etc., as per schedule, 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 

deposited in Planters' National Bank, 
Interest due and accrued, 
Premiums in course of collection (net), . 
Notes taken for marine and inland risks, 
Rents due and accrued, .... 
Office furniture, . . . .$1,629 54 

Gross Assets, 

Special deposits in other States (net), 



$81,712 29 

2,428 29 

78,900 50 

54,148 80 

3,125 93 

3,376 06 

1,507 35 

14,284 84 

460 98 

171 67 



$8,531 03 

1,048 11 
2,275 00 
6,309 79 

$54,148 80 



$240,116 71 
t 25,134 26 



Balance, . $214,982 45 



Liabilities. 

Losses adjusted, unpaid, .... 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Gross Liabilities, except Capital, 



$1,944 31 
2,950 00 
1,055 25 

28,739 14 



34,688 70 



Surplus as regards Policy-holders in this State, . 4 $180,293 75 
Paid-up Capital, . ... . .... 200,000 00 

Impairment of Capital, $19,706 25 



* Total value of property mortgaged, $236,144 00 

Amount of insurance held as collateral 27,460 00 

f Deposits in other States for special protection of citizens 

of such States, $40,000 00 

Liabilities in such States • 14,865 74 

$25,134 26 

J This Company has $10,000 on deposit with the treasurer of this State, 
for the special protection of Massachusetts policy-holders. 



1877.] 



INS. CO'S. OF OTHER STATES. 



271 



Income. 

Cash received for fire premiums, 

Deduct re-insurance, rebate, and return prem's, 

Net cash received for fire premiums, 

Cash received for marine and inland prem's, . 

Unpaid premium notes rec'd during the year, . 

Interest received on bonds and mortgages, 

Interest and dividends received from all other sources, . 

Income from rents, 



,844 87 
13,385 71 



$460 98 



$73,459 16 
78 78 

6,472 37 

7,925 17 

776 04 



Gross Cash Income, $88,711 52 



Expenditures. 

Cash paid for fire losses, . ... 

Deduct salvage and re-insurance, 

Net cash paid for fire losses, .... 

Cash dividends paid, 

paid for commissions and brokerage, 
paid for salaries of officers and employees, 
paid for State and local taxes, 
paid for rent, 



$39,232 19 
2,065 24 



$37,166 95 

20,000 00 

11,089 81 

8,144 76 

5,248 83 

1,500 00 



Gross Cash Expenditures, 



,150 35 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 



Risks and Premiums. 

Premiums. 

$4J.50,436 41 $58,877 46 
8,008,357 57 86,844 87 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



$12,158,793 98 $145,722 33 
7,385,630 26 87,540 88 



$4,773,163 72 $58,181 45 
. 200,790 37 2,900 50 



$4,572,373 35 $55,280 95 



Miscellaneous . 

Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 

Losses incurred during the year, 

Company's stock owned by directors, .... 



$186,038 36 
66,407 25 
26,390 00 
20,000 00 
43,116 51 
135,000 00 



272 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

GREAT WESTERN INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated September, 1855. Commenced business October, 1855.] 
Paid-up Capital, $662,080. 

Ferdinand Motz, President. Secretary, William T. Lockwood. 

Office, No. 50 Wall Street. 
Attorney to accept service, Nath'l Foster, Jr., Boston. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

$713,000 00 $782,115 00 

1,000 00 1,000 00 

10,000 00 3,000 00 

15,400 00 1,200 00 



United States bonds, .... 
Sandy Hook Printing and Telegraph stock, 
W. I. and Panama Telegraph stock, 
Mobile and Ohio Railroad bonds, . 



$739,400 00 $787,315 00 



Summary of Assets, Dec. 31, 1877. 



Loans on mortgage of real estate (first liens*), 
Interest accrued, .... 
Stock, bonds, etc., as per schedule, 
Cash in the office of the company, . 

deposited in various banks, 
Premiums in course of collection (net) , 
Notes taken for marine and inland risks, 
Salvage on losses paid, . 
Bills receivable, . . 

Gross Assets, .... 



$20,000 00 

1,400 00 

787,315 00 

297 28 

56,189 68 

25,014 54 

36,637 26 

38,750 00 

6,580 68 



$972,184 44 



Liabilities. 



Losses adjusted, unpaid, 

claimed and reported, 
disputed or resisted, 

Total amount of losses, . 
Less re-insurance, . 
Salvage claims, 



£9,091 00 
2,500 00 



Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Unpaid scrip ordered to be redeemed, 
Interest due or accrued on scrip, 



$7,394 00 
64,409 00 
46,000 00 

$117,803 00 



11,591 00 

$106,212 00 

42,981 22 

3,125 00 

6,138 26 



* Total value of property mortgaged, 
Amount of insurance held as collateral, 



$30,000 00 
16,000 00 



1877.] INS. CO'S. OF OTHER STATES. 



273 



Dividends to stockholders unpaid, . . . $34,927 20 
Re-insurance due other companies, . . . 2,362 71 

Bills payable, . •. 362 90 

Gross Liabilities, except Capital, . . $196,109 29 



Surplus as regards Policy-holders, ..... $776,075 15 
Paid-up Capital, • 662,080 00 



Surplus over Capital, 



. $113,995 15 



Income. 

Cash received for marine and inland prem's, . $500,014 63 
Deduct re-insurance, rebate, and return prem's, 73,534 76 

Net cash received for marine and inl'd prem's, $426,479 87 

Unpaid premium notes rec'd during the year,. $48,690 69 

Interest and dividends received from all sources, . . . 42,233 75 

Income from sale of gold, . . . .... 5,230 49' 



Gross Cash Income, $473,944 11 



Expenditures. 

Cash paid for marine and inland losses, . . $281,607 51 
Deduct salvage and re-insurance, . . . 51,200 14 

Net cash paid for marine and inland losses, . $230,407 37 

66,049 40 
90 17 
27,527 01 
46,039 59' 
85,046 35 



Cash dividends paid, ..... 

Interest paid scrip-holders, .... 

Cash paid for commissions and brokerage, 

paid for salaries of officers and employees, 
paid in lieu of scrip dividends, 

Gross Cash Expenditures, 



$455,159 89; 



Risks and Premiums. 

Premiums. 

Marine risks outstanding Dec. 31, 1876, . $4,607,368 00 $62,442 00' 
written during 1877, . . 35,830,352 00 472,374 24 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 
35 



$10,437,720 00 $534,816 24i 
36,698,325 00 485,359 78< 



$3,739,395 00 $49,456 4fr 
. 489,578 00 6,475 2£ 



$3,249,817 00 $42,981 22 



274 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

Miscellaneous. 

Premiums received from organization of company, . $34,390,063 00 
Losses paid from organization of company, . . . 23,873,230 09 
Cash dividends declared from organization of company, . 2,743,290 00 
Dividends declared during the year (10 per cent.), . . 66,208 00 
Losses incurred during the year, . . .... 281,607 51 

Company's stock owned by directors, 205,000 00, 



GUARDIAN FIRE INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated February, 1865. Commenced business February, 1865.] 
Paid-up Capital $200,000. 

Wm. C. Thompson, President. Secretary, Walter K. Paye. 

Office, No. 187 Broadway. 
Attorney to accept service, John J. E. Rothery, Boston. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, $200,000 00 $214,000 00 

Harlem River and Port Chester R.R. bonds, . 15,000 00 16,200 00 
City of Brooklyn bonds, 2,000 00 2,120 00 



$217,000 00 $232,320 00 
Securities held as collateral for cash loans : — 

Market value. Loaned thereon. 

10 shares Bank of Commerce, .... $1,250 00 $1,000 00 

15 " Niagara Insurance Company, . . 900 00 500 00 

20 " Harlem Gas-Light Company, . . 1,100 00 1,000 00 

Milwaukee and St. Paul Railroad bond, . . 900 00 200 00 



L,150 00 $2,700 00 



Summary of Assets, Dec. 31, 1877. 

Loans on mortgage of real estate (first liens *), $23,800 00 

Interest accrued thereon, .... 805 43 

Stocks, bonds, etc., as per schedule, . . 232,320 00 

Loans on collateral security, as per schedule, . 2,700 00 



* Value of .lands mortgaged, . . . . . . . $27,000 00 

Value of buildings thereon, . 40,000 00 

Total value of property mortgaged, $67,000 00 

Amount of insurance held as collateral 32,300 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



275 



Cash in the office of the company, . 

deposited in Chatham National Bank, . 

Interest due and accrued, .... 

Premiums in course of collection (gross), 

Premiums more than 3 months due, $398 50 

Gross Assets, 



^1,794 79 

2,762 89 

180 41 

8,337 49 



1272,701 01 



Liabilities. 

Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., . 
Commissions and brokerage, . 

Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, . 
Paid-up Capital, 

Surplus over Capital, 



$10,000 00 

36,081 91 

800 00 

800 00 



47,681 91 

$225,019 10 
200,000 00 

$25,019 10 



Income. 

Cash received for fire premiums, . . . $92,167 13 
Deduct re-insurance, rebate, and return prem's, 12,341 24 

Net cash received for fire premiums, . . 

Cash received for marine and inland prem's, ... 
Interest received on bonds and mortgages, .... 
Interest and dividends received from all other sources, . 
Income from sale of securities, . . .... 

Gross Cash Income, • . 



$79,825 89 


252 


50 


1,515 


50 


12,196 


04 


319 


48 



,109 41 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and re-insurance, . 

Net cash paid for fire losses, . 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 



$46,854 41 
1,000 00 



$45,854 41 

20,000 00 

15,530 59 

17,980 00 

132 W 

9,210 46 



Gross Cash Expenditures, 



. $108,707 46 



276 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

Risks and Premiums. 

Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, ..... 
Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount re-insured, 



Net amount in force, 

Marine risks outstanding Dec. 31, 1876, 
written during 1877, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 



. $11,474,785 00 
12,869,447 00 


Premiums. 

$79,559 55 
92,167 13 


. $24,344,232 00 
13,129,282 00 


$171,726 68 
98,379 64 


$11,214,950 00 
120,000 00 


$73,347 04 
1,500 00 


. $11,094,950 00 

$5,000 00 
9,500 00 


$71,847 04 

$350 00 
252 50 


. . . $14,500 00 
5,000 00 


$602 50 
350 00 



1,500 00 $252 50 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 

Losses incurred during the year, 

Company's stock owned by directors, .... 



$1,036,583 52 

635,230 76 

157,000 00 

20,000 00 

52,663 61 

71,500 00 



HANOVER FIRE INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated April, 1852. Commenced business April, 1852.] 
Paid-up Capital, $500,000. 

Benjamin S. Walcott, President. Secretary, I. Remsen Lane. 

Office, 120 Broadway. 
, Attorney to accept service, Joseph F. Hovey, Boston. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, . . . $800,000 00 $846,893 75 

New York county bonds, 



New York city bonds, 

Brooklyn city bonds, 

Connecticut State bonds, 5s, 

New York Central Railroad bonds, 6s, 



1,000 00 

130,000 00 

50,000 00 

20,000 00 

30,000 00 



1,030 00 

131,700 00 

57,300 00 

21,400 00 

31,500 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



277 



New York and Harlem Railroad bonds, . . $25,000 00 

75 shares Metropolitan National Bank, . 7,500 00 

150 " American Exchange National Bank, 15,000 00 

100 " Central Trust Company, . . 10,000 00 



^§9,875 00 

9,750 00 

15,900 00 

10,750 00 



$1,088,500 0011,156,098 75 



Securities held as collateral for cash loans : — 



Union Pacific Railroad bonds, 

125 shares Ninth National Bank, . 

10 " United States Trust Company, 
150 " Metropolitan National Bank, 

25 " Hanover National Bank, 

10 " Fifth Avenue Bank, 



Market value. Loaned thereon. 



$21,475 00 
6,250 00 
3,500 00 
19,500 00 
2,500 00 
2,205 00 



$20,000 00 

2,650 00 

15,000 00 

1,500 00 

1,600 00 



$55,430 00 $40,750 00 



Summary of Assets, Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
deposited in various banks, . 
Interest due and accrued, 
Premiums in course of collection (gross), 
Premiums more than 3 months due, $11,145 5 

Gross Assets, 

Special deposit in Mississippi (net), 



31, 1877. 

$2,725 95 

240,750 00 

1,306 47 

1,156,098 75 

40,750 00 

12,267 92 

79,186 85 

3,234 97 

85,377 57 



Balance, 



$1,621,698 48 
. f 3,970 51 

$1,617,727 97 



Liabilities. 



Losses adjusted, unpaid, 

claimed and reported, 
disputed or resisted, 



$30,411 57 

18,058 66 
37,208 11 



* Value of lands mortgaged, . . . . . . $202,500 00 

Value of buildings thereon, ....... 299,000 00 

Total value of property mortgaged, $501,500 00 

Amount of insurance held as collateral, .... 246,950 00 

f Deposit in Mississippi for special protection of citizens of 

said State, $7,500 00 

Liability in said State, 3,529 49 

$3,970 51 



278 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Unearned premiums on outstanding risks, . $473,092 58 

State and local taxes, 227 78 . 

Commissions and brokerage, .... 6,673 49 

Return premiums, $2,560.41 ; bills payable, 

$67.81, . ... . . . 2,628 22 

Gross Liabilities, except Capital, . . $568,300 41 



Surplus as regards Policy-holders in this State, . $1,049,427 56 
Paid-up Capital, . . . ' . . .... 500,000 00 



Surplus over Capital, 



$549,427 56 



Income. 

Cash received for fire premiums, . . . $784,876 36 
Deduct re-ins., rebate, and return premiums, . 72,275 13 

Net cash received for fire premiums, . . $712,601 23 

Interest received on bonds and mortgages, .... 17,673 24 
Interest and dividends received from all other sources, . 70,919 88 



Gross Cash Income, 



. . . . $801,194 35 



Expenditures. 

Cash paid for fire losses, $387,330 83 

Deduct salvage and re-insurance, . . . 10,737 11 

Net cash paid for fire losses, . 

Cash dividends paid, .... 
paid for commissions and brokerage, 
paid for salaries of officers and employees, 
paid for State and local taxes, 
for office, agency, and incidental expenses, 

Gross Cash Expenditures, 



$376,593 72 
50,000 00 

116,108 67 
46,905 48 
17,741 86 

130,296 32 



$737,646 05 



Fire risks outstanding Dec. 31, 1876, 
"written during 1877, 



Risks and Premiums. 

Premiums. 

$94,585,524 92 $1,057,526 72 
86,193,862 61 787,520 34 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount re-insured, 

Net amount in force, 



$180,779,387 53 $1,845,047 06 
89,238,941 57 890,470 52 



$91,540,445 96 $954,576 54 
2,022,758 99 14,920 86 



,517,686 97 $939,655 68 



1877.] 



INS. CO'S. OF OTHER STATES. 



279 



Miscellaneous. 

Premiums received from organization of company, . $8,875,066 31 
Losses paid from organization of company, . . . 4,651,824 72 

Cash dividends declared from organization of company, . 834,500 00 
Dividends declared during the year (10 per cent.), . . 50,000 00 

Losses incurred during the year, 375,674 47 

Company's stock owned by directors, 149,200 00 



HARTFORD FIRE INSURANCE COMPANY, HARTFORD, CONN. 

[Incorporated May, 1810. Commenced business, Aug., 1810.] 

Paid-up Capital, $1,250,000. 

Geo. L. Chase, President. Secretary, J. D. Browne. 

Attorney to accept service, Joseph F. Hovey. Boston. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

Hartford National Bank, Hartford, . . $51,100 00 $78,694 00 

Phoenix National Bank, Hartford, . . . 46,700 00 71,918 00 
Connecticut River Bank, Hartford, . . 5,000 00 4,000 00 

American National Bank, Hartford, . . 15,000 00 19,500 00 

Charter Oak National Bank, Hartford, . . 20,000 00 26,000 00 

Farmers and Mechanics' Nat'l B'k, Hartford, 18,200 00 21,112 00 

Mercantile National Bank, Hartford, . . 15,000 00 17,700 00 

First National Bank, Hartford, . . . 17,200 00 16,340 00 

-Etna National Bank, Hartford, . . . 31,500 00 39,375 00 

City National Bank, Hartford,- . . . 20,800 00 18,928 00 

Conn. Trust and Safe Deposit Co., Hartford, 23,000 00 20,700 00 

American Exchange Nat'l Bank, New York, . 20,000 00 21,100 00 

National Bank of Commerce, New York, . 10,000 00 12,700 00 

Importers and Traders' Nat'l Bank, N. Y., . 30,000 00 60,300 00 

Bank of America, New York, . . . 30,000 00 41,400 00 

Manhattan Company Bank, New York, . . 10,000 00 13,800 00 

Merchants' National Bank, New York, . . 25,000 00 28,750 00 

Union National Bank, New York, . . . 10,000 00 14,200 00 
Bank of North America, New York, . . 10,000 00 8,000 00 

Metropolitan National Bank, New York, . 22,500 00 30,375 00 

Blackstone National Bank, Boston, . . 14,100 00 14,875 50 

National Bank of Commerce, Boston, . . 4,300 00 4,558 00 

Second National Bank, Boston, . . . 10,900 00 15,287 25 
Hide and Leather National Bank, Boston, . 2,400 00 2,568 00 
Atlantic National Bank, Boston, . . . 3,900 00 5,196 75 

First National Bank, Boston, . . . .. 10,000 00 18,100 00 

Boylston National Bank, Boston, . . . 12,500 00 14,687 50 
Merchants' Bank (in liquidation), St.Louis, . 10,000 00 3,500 00 
Union National Bank, Albany, . . 6,200 00 7,440 00 
First National Bank, Albany, . . .. 5,000 00 7,750 00 



280 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Montreal Bank, Montreal, 

Ontario Bank, Bowmansville, 

Connecticut River Company, . 

Connecticut River Railroad, . 

New York, New Haven, and Hartford R.R. 

Hannibal and St. Joseph Railroad, . 

Lake Shore and Michigan Southern R.R 

United States bonds, 

Memphis City bonds, 

Tennessee State bonds, . 

Alabama State bonds, 

South Carolina State bonds, . 

Toledo, O., water bonds, 

Watertown, N.Y., town bonds, 

Harlem R. and P't Ches. R.R. Co. (guar.), 

Hartford, Prov., and Fishkill R.R. bonds, 

City of New Brunswick, N.J., bonds, 

Pawtucket, R.I., town bonds, 

Dubuque, Iowa., city bonds, . 

Oswego, N.Y., City certificates, 

Securities held as collateral for cash loans : - 

United States 5-20 bonds, • 

Summary of Assets, Dec 
Cash value of unencumbered real estate, 
Loans on mortgage of real est. (first liens *) , 
Interest accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 

deposited in various banks, 
Interest due and accrued, 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Taxes advanced on real estate, 

due from non-resident stockholders, 
Gross Assets, ..... 
Special deposit in Canada (net), 



$30,000 00 
13,000 00 
12,000 00 

2,000 00 

70,000 00 

20,000 00 

20,000 00 

256,800 00 

1,000 00 
33,000 00 
10,000 00 
20,000 00 

5,000 00 

3,500 00 
50,000 00 
50,000 00 
25,000 00 
75,000 00 
25,000 00 
50,000 00 



5,857 62 

13,090 35 

3,000 00 

2,560 00 

107,800 00 

2,400 00 

12,500 00 

269,730 00 

1,000 00 

12,540 00 

4,100 00 

8,000 00 

5,000 00 

3,500 00 

59,000 00 

54,000 00 

26,250 00 

86,250 00 

23,250 00 

50,000 00 



Balance, 



H,281,600 00$1,451,682 97 

Market value. Loaned thereon. 

$54,240 00 $50,000 00 

31, 1877. 

$363,175 60 

916,316 57 

36,668 92 

1,451,682 97 

50,000 00 

547 14 

191,611 98 

10,061 17 

254,170 92 

2,260 73 

4,485 19 

11,932 30 



-$3,292,913 49 

. f47,841 85 

$3,245,071 64 



* Value of lands mortgaged, 
Value of buildings thereon, 



$864,000 00 
785,000 00 



Total value of property mortgaged, . . . $1,649,000 00 

Amount of insurance held as collateral, .... 634,000 00 

f Deposit in Canada for special protection of citizens of the Dominion, 

Liabilities in said Dominion, 



$100,000 00 
52,158 15 



f,841 85 



1877.] 



INS. CO'S. OF OTHER STATES. 



281 



Liabilities. 

Losses claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Dividends to stockholders unpaid, . 
Commissions and brokerage, . 

Gross Liabilities, except Capital, 



$131,263 81 

41,900 00 

894,374 12 

4,893 00 

24,450 00 



Surplus as regards Policy-holders in this State, 
Paid-up Capital, . . . . . . 



-$1,096,880 93 

$2,148,190 71 
1,250,000 00 



Surplus over Capital, $898,190 71 



Income. 

Cash received for fire premiums, . . .$1,743,021 
Deduct re-insurance, rebate, and return prem's, 113,200 

Net cash received for fire premiums, . . 

Interest received on bonds and mortgages, 

Interest and dividends received from all other sources, . 

Income from rents, ....... 

Received for increased capital (stock div.), $250,000 

Gross Cash Income, 

Expenditures. 
Cash paid for fire losses, ..... 

Cash dividends paid, ...... 

Cash paid for commissions and brokerage, 

paid for salaries of officers and employees, . 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 

Gross Cash Expenditures, .... 



17 

00 



00 



1,629,821 17 

50,412 62 

102,860 87 

10,926 59 

.,794,021 25 

,019,989 20 

200,062 00 

237,007 28 

113,272 62 

35,911 40 

114,980 63 

$1,721,223 13 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1876, . $134,251,386 00 $1,607,913 31 
written during 1877, . . 145,215,532 00 1,629,821 17 



Total, ..... 
Deduct risks expired and terminated, 

In force at end of year, . 



$279,466,918 00 $3,237,734 48 
141,490,950 00 1,679,287 04 



. $137,975,968 00 $1,558,447 44 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Cash dividends declared from organization of company, 
Dividends declared during the year, . . . . 

Losses incurred during the year, . . . ... 

Company's stock owned by directors, . . . . 

Stock dividend declared during the year, 
36 



$32,693,811 86 

21,197,848 18 

3,313,100 00 

200,000 00 

975,413 68 

. 288,800 00 

250,000 00 



282 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

HOFFMAN FIRE INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated May, 1864. Commenced "business May, 1864.] 
Paid-up Capital, $200,000. 

M. F. Hodges, President. Secretary, John D. Macintyre. 

Office, No. 130 Broadway. 
Attorney to accept service, John C. Paige, Boston. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, $110,000 00 $115,837 50 

National Bank of Commerce stock, . . 5,000 00 6,000 00 

American Exchange National Bank stock, . 20,000 00 21,100 00 

N.Y. Cent, and Hudson River R r R- Co. stock, 20,000 00 21,300 00 

Bank of the Metropolis stock, . . . 10,000 00 8,500 00 



$165,000 00 $172,737 50 
Securities held as collateral for cash loans : — 

Market value. Loaned thereon. 

13 shares Bank of New York, . . . $1,625 00 $1,250 00 

49 " Star Fire Insurance Company, . 5,880 00 2,800 00 



$7,505 00 $1,050 00 

Summary of Assets, Dec. 31, 1877. 

Loans on mortgage of real estate (first liens*), $171,493 00 

Interest due or accrued thereon, . . . 3,990 69 

Stocks, bonds, etc., as per schedule, . .• 172,737 50 

Loans on collateral security, as per schedule, . 4,050 00 

Cash in the office of the company, . . . 1,093 02 

deposited in various banks, . . . 13,320 41 

Interest due and accrued, .... 544 70 

Premiums in course of collection (gross), . 10,115 95 
Premiums more than 3 mos. due, . $1,154 13 

Gross Assets, $377,345 27 

Liabilities. 

Losses adjusted, unpaid, $2,749 68 

claimed and reported, .... 5,030 50 

Unearned premiums on outstanding risks, . 70,672 90 



* Value of lands mortgaged, $154,800 00 

Value of buildings thereon, 197,500 00 

Total value of property mortgaged, $352,300 00 

Amount of insurance held as collateral, 132,500 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



283 



Commissions and brokerage, . 
Return premiums, .... 
Gross Liabilities, except Capital, 



$561 70 
74 48 



$79,089 26 



Surplus as regards Policy-holders, $298,256 01 

Paid-up Capital, 200,000 00 



Surplus over Capital, 



$98,256 01 



Income. 

Cash received for fire premiums, . . . $148,167 00 

Deduct re-insurance, rebate, and return prem's, 18,383 25 

Net cash received for fire premiums, . . $129,783 75 

Cash received for marine and inland premiums, . . . 757 50 

Interest received on bonds and mortgages, . . . . 10,975 48 

Interest and dividends received from all other sources, . . 9,654 43 



Gross Cash Income, . 



. $151,171 16 



Expenditures. 
Cash paid for fire losses, $76,268 18 

Deduct salvage and re-insurance, . ". . 1,559 15 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, 

dividends paid, 

paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 

Gross Cash Expenditures, .... 



$74,709 03 
3,066 67 
20,000 00 
22,235 93 
20,940 00 
4,285 03 
16,125 28 

$161,361 94 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 

Marine risks written during 1877, . 
Deduct risks expired and terminated, 

In force at end of year, . 



$14,396,822 31 
16,312,149 76 

$30,708,972 07 
16,108,857 46 

$14,600,114 61 
522,864 50 



Premiums. 

$146,082 61 
153,869 74 



,952 35 
157,343 66 

$142,608 69 
4,398 89 



$14,077,250 11 

. $24,000 00 
10,000 00 


$138,209 80 

$757 50 
180 00 


. $14,000 00 


$577 50 



284 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Miscellaneous. 

Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 

Losses incurred during the year, 

Company's stock owned by directors, .... 



$1,822,929 17 

1,174,359 05 

110,000 00 

20,000 00 

76,974 28 

77,950 00 



HOME INSURANCE COMPANY, NEWARK, N.J. 

[Incorporated, March 29, 1869. Commenced business, July 1, 1873.] 
Paid-up Capital, $200,000. 

"William Robotham, President. Secretary, William R. Freeman. 
Attorney to accept service, Sewall A. Faunce, Kingston. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds, 1867, 
Citizens' Gas-Light Company bonds, 
Montclair Gas-Light Company bonds, 
Essex County bonds, 
Newark city bonds, 
National State Bank stock, 



Par value. 

$50,000 00 
16,500 00 
8,500 00 
2,000 00 
1,000 00 
1,300 00 



Market value. 

$52,625 00 

17,490 00 

9,010 00 

2,240 00 

1,110 00 

1,482 00 



$79,300 00 $83,957 00 



Securities held as collateral for cash loans : - 

American Trust Company, 
Trenton Gas-Light Company, . 



Market value. Loaned thereon. 

$3,750 00 $1,500 00 
1,296,00 600 00 



$5,046 00 $2,100 00 



Summary of Assets, Dec. 31, 1877. 



Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens), 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 

deposited in National State Bank, . 
Interest due and accrued, 
Premiums in course of collection (gross), 
Premiums more that three months due, $347 04 
Gross Assets, 



$58,822 91 

104,725 00 

3,446 57 

83,957 00 

2,100 00 

1,075 85 

10,394 81* 

187 00 

16,898 93 



$281,608 07 



1877.] 



INS. CO'S. OF OTHER STATES. 



285 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, . 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., 
Due for borrowed money, 
Commissions and brokerage, . 

Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, 
Paid-up Capital, .... 



Surplus over Capital, 



$11,688 06 

645 00 

45,436 36 

633 02 

20,000 00 

1,053 71 



$79,456 15 

$202,151 92 
200,000 00 

$2,151 92 



Income. 

Cash received for fire premiums, . . . $78,108 11 
Deduct re-insurance, rebate, and return prem's, 15,672 55 

Net cash received for fire premiums, . . 

Cash received for marine and inland prem's, . $67,012 55 
Deduct re-insurance, lebate, and return prem's, 387 83 

Net cash received for marine and inl'd prem's, 

Interest received on bonds and mortgages, .... 
Interest and dividends received from all other sources, . 



$62,435 56 



66,624 72 
6,503 58 
6,356 78 



Gross Cash Income, . . . ..... $111,920 64 

Expenditures. 
Cash paid for fire losses, . . . $37,217 13 

Deduct salvage and re-insurance, ... 32 37 

Net cash paid for fire losses, . 
Cash paid for marine and inland losses, . 
Cash dividends paid, 

paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 



Gross Cash Expenditures, 



$37,184 76 
49,650 23 
14,000 00 
18,690 14 
8,750 00 
1,495 50 
11,325 61 

. $141,096 24 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 



Risks and Premiums. 

Premiujns. 

$5,620,266 00 $60,344 57 
8,759,146 00 80,263 62 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



$14,379,412 00 $140,608 19 
8,138,710 00 77,397 18 



$6,240,702 00 $63,211 01 
67,212 00 524 90 



1,173,490 00 $62,686 11 



286 



FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Marine risks outstanding Dec. 31, 1876, 
written during 1877, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



. $148,345 00 $2,775 06 
. 7,156,441 00 77,397 39 



$7,304,786 00 $80,172 45 
6,500,497 00 66,781 65 



. $804,289 00 $13,390 80 
18,225 00 387 83 



. $786,064 00 $13,002 97 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Cash dividends declared from organization of company, 
Dividends declared during the year (7 per cent.), . 

Losses incurred during the year, 

Company's stock owned by directors, . 



$312,797 13 
141,590 65 
62,000 00 
14,000 00 
93,622 41 
91,200 00 



HOME INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated April, 1853. Commenced business April 13, 1853.] 

Paid-up Capital, $3,000,000. f 

Chas. J. Martin, President. Secretary, John H. Washburn. 

Office, No. 135 Broadway. 
Attorney to accept service, E. G. Snow, Jr., Boston. 



Detailed Statement of Stocks 

United States bonds, .... 
Mississippi State warrants, 
New York City bonds, 1879, . 
Brooklyn City certificates, 
100 shares Hanover National Bank, N.Y. 
200 
80 
250 
225 
300 
200 
100 
160 
200 
100 
250 



Am. Exchange Nat'l Bank, N.Y., 
Fourth Nat'l Bank, N.Y., . 
St. Nicholas Nat'l Bank, N.Y., 
Metropolitan Nat'l Bank, N.Y., 
Merchants' Exch. Nat'l B'k, N.Y., 
Mercantile National Bank, N.Y., . 
Imp. and Traders' Nat'l B'k, N.Y. 
Chatham National Bank, N.Y., 
Nat'l Bank of the Republic, N.Y., 
Nat'l Bank of Commerce, N.Y., 
Nat'l Butch, and Drov. B'k, N.Y., 



, Bonds, Etc. 

Par value. Market value. 

,800,000 00 $3,016,875 00 

20,000 00 20,000 00 

52,800 00 53,328 00 

50,000 00 51,500 00 

10,000 00 10,100 00 

20,000 00 21,100 00 

8,000 00 7,840 00 

25,000 00 20,000 00 

22,500 00 28,125 00 

15,000 00 12,000 00 

20,000 00 19,000 00 

10,000 00 19,000 00 

4,000 00 4,800 00 

20,000 00 17,400 00 

10,000 00 12,500 00 

6,250 00 6,625 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



287 



200 shares Bank of America, N. Y., 
200 " Manhattan Company, 
100 " United States Trust Co., 



$20,000 00 $27,200 00 
10,000 00 13,500 00 
10,000 00 35,000 00 



$3,133,550 00 $3,395,893 00 



Securities held as collateral for cash loans : — 



370 shares St. Nicholas National Bank, 

10 " Continental National Bank, 
United States bonds, 

3 shares New Jersey Zinc Co., 
227 " Union Trust Co., . 

20 " St. Nicholas National Bank, 
New York City stock, 
100 shares N.Y. Central and Hudson R. R.R 
100 " Safe Deposit Co., N.Y. , 
402 " Long Island Bank, . 

55 " Fulton Bank, Brooklyn, . 

20 " Continental Insurance Co., 
200 " Lake Shore and Mich. So. R.R 
Fonda, J. and G. R.R. bonds, 
Gloversville and N. R.R. bonds, 
100 shares Second National Bank, . 
200 " Broadway Bank, . 
Oswego City bonds, 
Union Mutual Insurance Co. scrip, . 
250 shares Central Trust Co., . 

50 " Fifth Avenue Bank, 
Miss, and Tennessee consolidated bonds, 
Park Avenue R.R. bond, 
Sandusky City bond, 8s, 

75 shares Nat'l Bank of the Republic, 
104 " People's Bank, 

20 " Safe Deposit Co., . 
Jersey City bonds, .... 
Georgia State bonds, 

50 shares Central Trust Co., . 

37 " Continental Insurance Co. , 
100 " Morris and Essex Railroad, 
City of Bayonne Imp. bonds, . 
United States bonds, 

14 shares Honesdale National Bank, 
District of Columbia bonds, . 
Milwaukee and St. Paul consol'd bonds, 



Market value. Loaned thereon. 


$29,600 00 $ 


?26,400 00 


525 00 


350 00 


5,268 75 I 
225 00 ) 


5,000 00 


27,240 00 > 
1,600 00 > 


24,280 00 


1,515 00 


1,000 00 


10,625 00 


5,700 00 


2,750 00 


2,000 00 


21,507 00 


18,000 00 


2,200 00 7 
3,000 00 > 


3,000 00 


12,600 00 


3,885 47 


51,750 00) 
15,000 00 > 


50,000 00 


12,500 00 


10,000 00 


9,750 00 


5,000 00 


7,350 00 


6,000 00 


12,816 00 ^ 




26,250 00 1 
10,350 00 j 
35,000 00 J 




50,000 00 




900 00 


500 00 


1,020 00 


900 00 


6,525 00) 




3,380 00 [• 


9,000 00 


550 00) 




1,010 00 


900 00 


34,485 00 


30,000 00 


5,250 00 ) 
5,550 00 f 


5,000 00 




3,750 00 


2,000 00 


1,010 00 


900 00 


4,816 87 


3,900 00 


910 00 


500 00 


56,625 00) 
1,895 00 > 


50,000 00 



$427,098 62 $314,215 47 



2£8 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

Summary of Assets, Dec. 31, 1877. 

Cash value of unencumbered real estate, $12,500 00 

Loans on mort. of real estate (first liens *), 2,016,903 00 
Interest due or accrued thereon, . . 57,268 54 

Stocks, bonds, etc., as per schedule, . 3,395,893 00 
Loans on collateral security, as per schedule, 314,215 47 
Cash deposited in various banks, . . . 161,727 56 
Interest due and accrued, .... 7,943 85 
Premiums in course of collection (net) , . . 143,075 33 
Premiums more than 3 months due, $5,641 51 

Gross Assets, $6,109,526 75 

Spjecial deposits in other States (net), f 32,489 42 



Balance, $6,077,037 33 

Liabilities. 



Losses adjusted, unpaid, . 

claimed and reported, 
disputed or resisted, 

Total amount of losses, 
Less re-insurance, . 



. $35,596 79 
. 179,558 60 
. 44,066 07 

$259,221 46 
4,825 04 



Net amount of unpaid losses, . . $254,396 42 

Unearned premiums on outstanding risks, 1,836,432 31 
Dividends to stockholders unpaid, . . 1,995 00 

Gross Liabilities, except Capital, . 2,092,823 73 



Surplus as regards Policy-holders in this State, . . $3,984,213 60 

Paid-up Capital, 3,000,000 00 

Surplus over Capital, . $984,213 60 

Income. 

Cash received for fire premiums, . . $2,972,922 06 
Deduct re-ins., rebate, and return prem's, 241,383 89 

Net cash received for fire premiums, . $2,731,538 17 

Interest received on bonds and mortgages, .... 134,105 78 

Interest and dividends received from all other sources, . 210,608 47 



Gross Cash Income, ... . $3,076,252 42 



* Value of lands mortgaged $2,342,100 00 

Value of buildings thereon, 1,956,100 00 



Total value of property mortgaged, $4,298,200 00 

Amount of insurance held as collateral, .... 1,530,600 00 
f Deposits in other States and Russia for special protection 

of citizens of such States and country, .... $189,000 00 
Liabilities in such States and country 156,510 58 

$32,489 42 



1877.] 



INS. CO'S. OF OTHER STATES. 



289 



Expenditures. 

Cash paid for fire losses, .... $1,553,151 48 
Deduct salvage and re-insurance, . . 28,618 42 

Net cash paid for fire losses, . . . 

Cash dividends paid, 

Cash paid for commissions and brokerage, 



paid for salaries of officers and employees, . 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 

Gross Cash Expenditures, . . . 



$1,524,533 06 

299,380 00 

531,378 14 

252,477 90 

68,509 10 

208,123 60 

$2,884,401 80 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 



Risks and Premiums. 

Premiums. 

$346,154,310 00 $3,638,243 00 
350,717,945 13 2,972,922 06 



Total, . 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, . < 

Net amount in force, 



,872,255 13 $6,611,165 06 
348,971,969 13 2,984,043 40 



$347,900,286 00 $3,627,121 66 
6,466,346 00 81,852 QQ 



$341,433,940 00 $3,545,269 00 



Miscellaneous. 

Premiums received from organization of company, . 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), . 

Losses incurred during the year, 

Company's stock owned by directors, . . 



$43,520,870 54 

27,279,691 74 

4,315,000 00 

300,000 00 

1,536,902 24 

591,300 00 



HOWARD INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated March 18, 1825. Commenced business April 19, 1825.] 
Paid-up Capital, $500,000. 

Samuel T. Skidmore, President. Secretary, Charles A. Hull. 

Office, No. 66 Wall Street, 
Attorney to accept service, Albert Bowker, Boston. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, $360,000 00 $411,435 00 

New York city bonds, 6s, .... 30,00000 31,00000 

" county bonds, 6s, .... 5,00000 5,25000 
37 



290 



FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Del. and Hudson Canal Co. 1st mort. bonds, 

Metropolitan National Bank stock, 

Phenix National Bank stock, . 

American Exchange National Bank stock, 

National Bank of Commerce stock, 

New York Gas-Light Co. stock, 

Manhattan Gas-Light Co. stock, 



$57,000 00 
7,500 00 
2,800 00 
16,000 00 
2,800 00 
5,000 00 
2,500 00 



$57,210 00 
10,125 00 
2,800 00 
16,960 00 
3,416 00 
6,250 00 
5,375 00 



$488,600 00 $549,821 00 



Securities held as collateral for cash loans : — 

American Exchange National Bank stock, 
Merchants' National Bank stock, . 



Market value. Loaned thereon. 

$1,484 00 $1,300 00 
1,180 00 950 00 



Summary of Assets, Dec 

Cash value of unencumbered real estate, 

Loans on mortgage of real estate (first liens *) 

Interest accrued thereon, 

Stocks, bonds, etc., as per schedule, 

Loans on collateral security, as per schedule, 

Cash in the office of the company, . 

deposited in various banks, 
Interest due and accrued, 
Premiums in course of collection (net), . 
Rents due and accrued, .... 
Bills receivable, etc., .... 
Premiums more than 3 months due, $30 00 
Gross Assets, . . . . 



$2,664 00 $2,250 00 

31, 1877. 

$115,000 00 

41,950 00 

450 91 

549,821 00 

2,250 00 

302 00 

15,734 00 

3,508 93 

15,518 43 

1,983 33 

- 1,235 00 

$747,753 60 



Liabilities. 

Losses claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks 
Due to agents, .... 

Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, 
Paid-up Capital, .... 



Surplus over Capital, 



$10,645 58 

5,000 00 

99,800 99 

5 63 



115,452 20 



. $632,301 40 
. 500,000 00 



. $132,301 40 



* Value of lands mortgaged, $60,000 00 

Value of buildings thereon, 72,000 00 



Total value of property mortgaged, $132,000 00 

Amount of insurance held as collateral, 25,500 00 



1877.] 



INS. CCTS. OF OTHER STATES. 



291 



Income. 



Cash received for fire premiums, 



$191,320 34 



Deduct re-insurance, rebate, and return prem's, 14,576 62 

Net cash received for fire premiums, . . 

Cash received for marine and inland prem's, . 
Interest received on bonds and mortgages, 



Interest and dividends received from all other sources, . 
Income from rents, 



Gross Cash Income, 



- $176,743 72 
148 57 
3,234 94 
31*380 93 
2,800 00 



$214,308 16 



Expenditures. 

Cash paid for fire losses, $80,136 77 

Deduct salvage and re-insurance, . . . 3,719 35 

Net cash paid for fire losses, .... 

Cash dividends paid, 

Cash paid for commissions and brokerage, .... 
paid for salaries of officers and employees, 

paid for State and local taxes, 

paid for interest on borrowed money, . $170 14 

paid for office, agency, and incid'l exp's, 26,843 37 



$76,417 42 

60,378 00 

23,106 17 

36,245 48 

7,214 93 



27,013 51 



Gross Cash Expenditures, 



$230,375 51 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 

Marine risks written during 1877, . 
Deduct risks expired and terminated, 



22,610,215 00 
26,695,789 00 

$49,306,004 00 
25,406,649 00 

$23,899,355 00 
660,635 00 



Premiums. 

$175,611 16 
192,802 08 

$368,413 24 
169,127 47 

$199,285 77 
4,069 66 



£23,238,720 00 


$195,216 11 


. $28,893 00 


$148 .57 


28,893 00 


148 57 



Miscellaneous. 

Premiums received from March 14, 1836, 
Losses paid from March 14, 1836, . . . . 
Cash dividends declared from March 14, 1836, 
Dividends declared during the year (12 per cent.), 
Losses incurred during the year, .... 
Company's stock owned by directors, 



56,225,228 00 

4,214,118 00 

1,955,875 00 

60,000 00 

87,463 69 

71,950 00 



292 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



HUMBOLDT INSURANCE COMPANY, NEWARK, N.J. 

[Incorporated March, 1870. Commenced business May, 1870.] 
Paid-up Capital, $200,000. 



E. W. McClave, President. Secretary, George Brown. 

Office, No. 758 Broad Street. 

Attorney to accept service, H. K. Merrifield, Boston. 

Securities held as collateral for cash loans : — 

Market value. Loaned thereon. 

12| shares Citizens' Gas Company stock, . . $625 00 $300 00 

Summary of Assets, Dec. 31, 1877. 

Cash value of unencumbered real estate, . $40,913 04 

Loans on mortgage of real estate (first liens *), 173,317 00 

Interest due or accrued thereon, . . . 9,146 53 

Loans on collateral security, as per schedule, . 300 00 

Cash in the office of the company, . . . 416 40 

deposited in First National Bank, . . 14,116 23 

Interest due and accrued, . . . . 21 00 

Premiums in course of collection (gross), . 15,854 41 

Rents due and accrued, ..... 250 00 
Office furniture and fixtures, . . $2,500 00 

Gross Assets, $260,334 61 

Liabilities. 

Losses adjusted, unpaid, .... $8,749 00 

claimed and reported, ... . . 1,220 00 

disputed or resisted, .... 4,725 00 

Unearned premiums on outstanding risks, . 37,931 54 

Due for borrowed money, .... 7,000 00 

Commissions and brokerage, .... 500 00 

Gross Liabilities, except Capital, . . ■ 60,125 54 



Surplus as regards Policy-holders, . .... $200,209 07 
Paid-up Capital, 200,000 00 



Surplus over Capital, . . . .... $209 07 



* Value of lands mortgaged, . $295,200 00 

Value of buildings thereon, ....... 167,400 00 

Total value of property mortgaged $462,600 00 

Amount of insurance held as collateral, .... 133,925 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



293 



Income. 

Cash received for fire premiums, . . . $107,202 05 
Deduct re-ins., rebate, and return premiums, . 18,219 29 

Net cash received for fire premiums, . . 

Interest and dividends received from all sources, . 
Income from rents * ......... 



,982 76 
10,328 52 
229 70 



Gross Cash Income, $99,540 98 



Expenditures. 

Cash paid for fire losses, . . . . 
Deduct salvage and re-insurance, . 
Net cash paid for fire losses, . 
Cash paid for commissions and brokerage, 



$94,476 27 
804 08 



$93,672 19 

18,182 64 

paid for salaries of officers and employees, and expenses, 18,934 28 

paid for State and local taxes, . . . . . 3,142 19 

Gross Cash Expenditures, $133,931 30 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 



Risks and Premiums. 

Premiums. 

$8,508,657 00 $130,905 53 
7,934,407 00 113,525 01 



Total, ..... 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



$16,443,064 00 $244,430 54 
10,524,923 00 167,121 91 



$5,918,141 00 $77,308 63 
78,733 00 1,023 69 



1,839,408 00 $76,284 94 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, 

Cash dividends declared from organization of company, 

Losses incurred during the year, 

Company's stock owned by directors, .... 



$964,990 69 

562,780 99 

37,671 67 

92,847 10 

112,700 00 



294 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



PRESIDENT AND DIRECTORS OF THE INSURANCE COMPANY 
OF NORTH AMERICA, PHILADELPHIA, PA. 

[Incorporated April 14, 1794. Commenced business, 1794.] 

Paid-up Capital, $'2,000,000. 

Arthur G. Coffin, President. Secretary, Matthias Maris. 

Office, No. 232 Walnut Street. 

Attorney to accept service, George E. Foster, Boston. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 



$1,000,000 00 11,055,454 00 
. 538,400 00 596,578 00 



United States bonds, 
Pennsylvania State loan, 

New Jersey State bonds, 6s, . . . . 54,000 00 59,400 00 

Delaware State bonds, 6s, . , . . . 10,000 00 10,500 00 

Connecticut State bonds, 6s, . . . . 52,000 00 57,200 00 

South Carolina State bonds, 6s, . . . 11,000 00 4,500 00 

Philadelphia City bonds, 6s, . . . . 100,000 00 112,000 00 

Pittsburg City bonds, 7s, . . . . 50,000 00 40,000 00 

Cincinnati City bonds, 60,000 00 61,780 00 

Indianapolis City bonds, 7 T ^s, .. . . 30,000 00 32,100 00 

Hartford City bonds, 6s, 50,000 00 53,000 00 

Rochester City bonds, 7s, ... 25,000 00 27,750 00 

Columbus City bonds, 8s, . . . . 13,000 00 14,170 00 

Fall River City bonds (gold), 5s, . . . 30,000 00 31,500 00 

Toledo City bonds, 8s, 21,000 00 22,890 00 

Harris burg City bonds, 6s, .... 15,00000 15,15000 

Providence City bonds (gold), 5s, . . . 25,000 00 26,250 00 

Newark City bonds, 7s, . . . . . * 20,000 00 21,600 00 

Cleveland City bonds, 7s, ... . 45,000 00 49,500 00 

Boston City bonds, 6s, 200,000 00 226,000 00 

Williamsport City bonds, 6s, . . . . 3,000 00 1,800 00 

Dayton City bonds, 8s, . . . . . 11,000 00 11,880 00 

Burlington City bonds, 8s, ... . 12,000 00 12,840 00 

Bellefonte borough bonds, 6s, ... 6,000 00 5,100 00 

Pennsylvania R.R. mortgage bonds, 6s, . . 50,000 00 52,250 00 

Delaware R.R. loan, guar., .... 25,000 00 25,750 00 

Chesapeake and Delaware Canal Co. loan, 6s, . 37,000 00 27,010 00 

North Pennsylvania R.R. bonds, . . . 35,000 00 37,250 00 

Delaware Division Canal Co. loan, 6s, . . 15,000 00 12,750 00 
Dela. and Raritan C. Co. and C. and A. R.R.' 

and T. Co., 11,000 00 11,440 00 

Lehigh Coal and Navigation Co. bonds, . . 14,000 00 9,800 00 

Lehigh Valley Railroad Co. loan, . . . 75,000 00 82,500 00 

Penn. and N. Y. Canal and R.R. loan, . . 30,000 00 33,300 00 

American S.S. Co. bonds, .... 40,000 00 29,800 00 

Philadelphia and Reading R.R, bonds, . . 83,000 00 84,355 00 



1877.] 



INS. CO'S. OF OTHER STATES, 



295 



Penn. R.R. Co. consol'd 1st mortgage loan, . $100,000 00 

Lehigh Valley R.R. Co. mort. bonds, 6s, . 50,000 00 

United Railroad Co. (N. J.) bonds, . . 42,000 00 

Phila. and Reading R.R. 1st mort. bonds, . 50,000 00 

Wm. Cramp & Sons' Dry Dock reg'd loan, . 29,000 00 

Phila., Wil., and Bait. R.R. bonds, . . 39,000 00 

Wrecking steamer " JSTorth America," . . 50,000 00 

100 shares Philadelphia National Bank, . . 10,000 00 

228 " Chesapeake and Del. Canal Co., . 11,400 00 

300 " Phil., Ger., and Norristown R.R., . 15,000 00 

50 " Merchants' News Assoc, N.Y., . 1,000 00 

Mutual Insurance Company's scrip, . . 21,500 00 



$92,000 00 
47,250 00 
42,840 00 
51,250 00 
29,000 00 
40,950 00 
50,000 00 
16,700 00 
4,560 00 
28,800 00 
1,000 00 
17,200 00 



$3,215,300 00 $3,376,697 00 



Securities held as collateral for cash loans : — 



2,705 shares Insurance Co. of No. America, 
Catawissa R.R. bonds, 7s, new, 
Schuylkill Navigation bonds, . 
Harrisburg City bonds, 6s, 
1,000 shares Insurance Co. of No. America, 
4,000 
27 
87 
50 
200 
500 



Phila. and Reading Railroad, 
Pennsylvania Railroad, 



Insurance Co. of No. America, 
Phila., Ger., and Norristown R.R 
Pennsylvania Railroad, 

Philadelphia City bonds, 

Missouri Corporation bonds, . 

Merchants' Life Ins. Co., 



Market value. Loaned thereon. 

$79,797 50 $38,045 62 
5,200 00 1 
1,537 50 I 
12,625 00 f 31 ' 000 00 



29,500 00 
4,040 00 
■895 00 
2,882 00 ) 
1,475 00 > 

19,200 00"| 

16,562 00 I 
4,480 00 I 

10,000 00 J 
2,500 00 



1,800 00 
500 00 

3,000 00 



33,000 00 



350 00 



$190,694 00 $107,695 62 



Summary of Assets, Dec. 31, 1877. 

Cash value of unencumbered real estate, . . $100,000 00 
Loans on mortgage of real estate (first liens*), 1,609,210 00 
Interest due thereon, ..... 33,182 00 
Stocks, bonds, etc., as per schedule, . . 3,376,697 00 
Loans on collateral security, as per schedule, . 107,695 62 
Cash in the office of the company, and deposited 

in various banks, . . . . . 567,417 99 

Interest due and accrued, .... 1,680 00 
Premiums in course of collection (net), . . 333,698 90 
Notes taken for marine and inland risks, . 278,579 63 



* Total value of property mortgaged, 
Amount of insurance held as collateral, 



5,236,800 00 
974,355 00 



296 



FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Loaned on assignment of mortgage, . . $30,048 31 
Partial payments on marine losses on which the 

full reserve is charged, and re-insurances, . 23,520 25 

Gross Assets, 5 

Special deposits in other States (net),* 



Balance, 



Liabilities. 



Losses adjusted, unpaid, . 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, . 
Salvage claims, 

Net amount of unpaid losses, 
Unearned premiums on outstanding risks 
Reclaimable on perpetual fire policies, 

Gross Liabilities, except Capital, 



$10,425 00 

297,562 00 

26,013 00 

$334,000 00 
34,000 00 

$300,000 00 

1,384,892 02 

350,212 37 



8,461,729 70 

18,687 18 

1,443,042 52 



Surplus as regards Policy-holders in this State, 
Paid-up Capital, . . . . . . . 



Surplus over Capital, 



- 2,035,104 39 

$4,407,938 13 
2,000,000 00 

$2,407,938 13 



Income. 

Cash received for fire premiums, . . $1,423,919 07 

Deduct re-ins., rebate, and return prem's, 120,222 29 

Net cash received for fire premiums, 

Cash rec'd for marine and inland prem's, 

Deduct re-ins., rebate, and return prem's, 

Net cash rec'd for marine and inl'd prem's, 

Unpaid prem. notes rec'd during the year, 

Interest received on bonds and mortgages, .... 

Interest and dividends received from all other sources, 
Income from perpetual premiums, . . .... 

Deposits received for perpetual fire risks, . $10,007 85 



- $1,303,696 78 



$2,136,583 62 
338,155 22 

$266,474 08 



1,798,428 40 

78,473 76 

218,612 40 

267 98 



Gross Cash Income, . . $3,399,479 32 



Expenditures. 



Cash paid for fire losses, . 
Deduct salvage and re-insurance, 
Net cash paid for fire losses, . 



$714,080 53 
10,287 37 



$703,793 16 



* Deposits in other States for special protection of citizens of such States, $25,000 00 
Liabilities in such States, 6,312 82 



$18,687 18 



1877.] INS. CO'S. OF OTHER STATES. 297 

Cash paid for marine and inland losses, . $1,771,326 82 
Deduct salvage and re-insurance, . . 175,865 89 

Net cash paid for marine and inland losses, $1,595,460 93 

Cash dividends paid, 400,000 00 

Cash paid for commissions and brokerage, .... 389,759 12 

paid for salaries of officers and employees, . . . 127,443 44 

paid for State and local taxes, 87,370 27 

paid for office, agency, and incidental expenses, . . 133,608 59 
Deposits returned on perpetual fire risks, . $9,739 87 

Gross Cash Expenditures, . . .... $3,437,435 51 

Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1876, . $162,691,889 00 $2,445,996 58 
written during 1877, . . 120,958,591 00 1,433,926 92 



Total, $283,650,480 00 $3,879,923 50 

Deduct risks expired and terminated, . 118,765,537 00 1,573,808 60 



In force at end of year, . . . *$164,884,943 00 f$2,306,114 90 

Marine risks outstanding Dec. 31, 1876, $12,320,762 00 $422,553 65 
written during 1877, . . 202,029,445 00 2,136,583 62 



Total, $214,350,207 00 $2,559,137 27 

Deduct risks expired and terminated, . 205,752,309 00 2,159,211 03 



In force at end of year, . . . $8,597,898 00 $399,926 24 

Miscellaneous. 

Premiums received from organization of company, . $71,000,000 00 
Losses paid from organization of company, . . . 43,568,356 24 
Cash dividends declared from organization of company, 9,250,000 00 

Dividends declared during the year (20 per cent.), . . 400,000 00 

Losses incurred during the year, 2,478,767 87 

Company's stock owned by directors, . .... 233,090 00 



* Including $12,923,805.00 perpetual risks in force. 

t Including $368,644.60 deposits on perpetual risks in force. 

38 



* 



298 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



THE INSURANCE COMPANY OF THE STATE OF PENNSYLVANIA, 

PHILADELPHIA, PA. 

[Incorporated April 18, 1794. Commenced business Nov. 5, 1794.] 

Paid-up Capital, $200,000. 

Henry S. Sherrerd, President. Secretary, Jos. H. Hollinshead. 

Attorney to accept service, Richard Pope, Boston. 



Detailed Statement of Stocks, 



20 shares Philadelphia Bank, 
20 " Union Insurance Company, . 
5 " Susq. and York Turnpike Co., 
10 " Easton and W. Turnpike Co., 
30 " Pennsylvania Fire Insurance Co., 

284 " Lehigh Valley Railroad, 

136 " Phila., Germ'n, and Norris'n R.R. 

262 " Phila., Wil., and Bait. Raikoad, 

350 " Lehigh, Coal and Nav. Co., 
20 " Phila. and So. Mail S. S. Co 

Lehigh Coal and Nav. Co. bonds, . 

Chesapeake and Del. Canal Co. bonds, 

Schuykill Navigation Co. bonds, 

Pennsylvania Raikoad bonds, 

Wilkesbarre, P., Mt. J., and L. R.R. bonds, 

Camden and A. R. R. , and Del. and R. Canal 
and T. Co. bonds, .... 

No. Pennsylvania Railroad Co. bonds, . 

West Jersey Raikoad Company bonds, . 

Philadelphia city bonds, .... 

American S.S. Co. bonds, 

Railway Equipment Trust of Penn. bonds, 

Delano Land Company bonds, 

Mutual Insurance Company's scrip, 

United States bonds, .... 

40 shares Phila. and L. Turnpike Company, 



Securities held as collateral for cash loans : — 

10 shares Car Trust Company of Pa. , 
Houston and Texas Railroad mort. bonds, 
229 shares Mine Hill, S. and H. Raikoad, 
500 " Pa. and N.Y. C. and R.R. (pref'd), 
Personal note (on demand), ) 

Mortgages on real estate in Philadelphia, ) 



Bonds, Etc. 

Par value. 

$2,000 00 
200 00 
500 00 
250 00 

3,000 00 
14,200 00 

6,800 00 
13,100 00 
17,500 00 

2,500 00 
10,000 00 

5,000 00 

3,000 00 
15,000 00 
15,000 00 

5,000 00 
10,000 00 
30,000 00 
30,000 00 
20,000 00 

7,000 00 

10,000 00 

600 00 

10,000 00 

200 00 



Market value. 

$3,360 00 

200 00 

125 00 

100 00 

4,650 00 

11,360 00 

13,328 00 

15,982 00 

6,475 00 

120 00 

10,300 00 

3,650 00 

1,920 00 

15,675 00 

15,300 00 

5,425 00 
10,500 00 
24,000 00 
33,600 00 
14,900 00 

6,650 00 

10,000 00 

300 00 

10,325 00 

200 00 



$230,850 00 $218,445 00 



,000 00 



Market value. Loaned thereon. 

$9,500 00 ) m 

1,720 00 > 

10,992 00 8,000 00 

50,000 00 40,000 00 

24,000 00 12,000 00 



$96,212 00 $70,000 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



299 



Summary of Assets, Dec. 

Cash value of unencumbered real estate, 

Loans on mortgage of real estate (first liens *), 

Interest due or accrued thereon, 

Stocks, bonds, etc., as per schedule, 

Loans on collateral security, as per schedule, 

Cash in the office of the company, . 

deposited in Bank of North America, 
Interest due and accrued, 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
Re-insurance perpetual deposits, 
Gross Assets, . . . 



31, 1877. 

$16,495 60 

160,850 00 

4,611 50 

218,445 00 

70,000 00 

346 35 

97,528 87 

2,906 00 

24,406 19 

11,317 75 

1,600 00 



$608,507 26 



Liabilities. 

Xet amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, 
Dividends to stockholders unpaid, . 
Commissions and brokerage, . 

Book debts, 

Gross Liabilities, except Capital, 

Sru'plus as regards Policy-holders, . 
Paid-up Capital, 



$27,216 00 

101,292 45 

80,193 78 

516 00 

1,409 52 

716 50 



211,344 25 



. $397,163 01 
. 200,000 00 



Surplus over Capital, 



. $197,163 01 



$104,745 68 
46,207 85 



Income. 

Cash received for fire premiums, . . . $140,518 93 
Deduct re-insurance, rebate, and return prem's, 15,846 38 

Xet cash received for fire premiums, . . 

Cash received for marine and inland prem's, . 
Deduct re-insurance, rebate, and return prem's, 

Xet cash received for marine and inl'd prem's, 

Unpaid prem. notes rec'd during year, $11,317 75 
Interest received on bonds and mortgages, . . . 
Interest and dividends received from all other sources, 
Income from all other sources, .... 

Deposits rec'd for perpetual fire risks, $1,459 68 

Gross Cash Income, 



$124,672 55 

58,537 83 

13,740 50 

17,162 17 

1,897 62 

8216.010 67 



* Value of lands mortgaged, -. . $102,800 00 

Value of buildings thereon, 210,700 00 

Total Talue of property mortgaged, $313,500 00 

Amount of insurance held as collateral, 127,700 00 



300 



FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Expenditures. 

Cash paid for fire losses, ..... $64,517 41 
Deduct salvage and re-insurance, ... 57 14 

Net cash paid for fire losses , . . . . 

Cash paid for marine and inland losses, . . $111,297 04 
Deduct salvage and re-insurance, . . . 31,495 01 

Net cash paid for marine and inland losses, . 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 
Deposits returnedd on perpetual fire risks, . $1,423 50 



,460 27 



79,802 03 
24,228 00 
18,888 38 
11,300 00 
3,854 11 
14,108 16 



Gross Cash Expenditures, 



. $216,640 95 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, ..... 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

ls,et amount in force, 

Marine risks outstanding Dec. 31, 1876, 
written during 1877, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 
Perpetual risks in force, . 



$16,107,925 00 
15,862,264 00 

$31,970,189 00 
15,587,891 00 

$16,382,298 00 
266,176 00 



Premiums. 

$163,733 72 
140,518 93 

$304,252 65 
156,345 64 

$147,907 01 
2,579 68 



$16,116,122 00 $145,327 33 



£2,472,337 00 
6,829,952 00 



$9,302,289 00 
6,975,838 00 

$2,326,451 00 
80,218 00 



$2,246,233 00 
$2,528,199 00 



$44,377 43 
104,745 68 

$149,123 11 
117,990 79 

$31,132 32 
2,595 09 

$28,537 23 
L,414 50 



Miscellaneous. 

Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (12 per cent.), 
Losses incurred during the year, ..... 
Company's stock owned by directors, .... 



$12,832,342 00 
. 3,932,406 00 
. 24,000 00 
. 146,610 00 
. 26,200 00 



1877.] 



INS. CO'S. OF OTHER STATES, 



301 



IRVING INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated April 30, 1872. Commenced business April 30, 1872.] 
Paid-up Capital, $200,000. 

Martin L. Crowell, President. Secretary, James M. Wilson. 

Office, No. 157 Broadway. 
Attorney to accept service, J. Edward Hollis, Boston. 

Detailed Statement of Stocks, Bonds. Etc. 

Par value. Market value. 

United States bonds, ....... $200,000 00 $212,906 25 

Securities held as collateral for cash loans : — 

Market value. Loaned thereon. 

Chicago and Alton R.R. Co. preferred stock, . $10,000 00 $6,000 00 



Summary of Assets, Dec. 31, 1877. 

Loans on mortgage of real estate (first liens *), $55,600 00 

Interest accrued thereon, .... 324 34 

Bonds, as per schedule, 212,906 25 

Loans on collateral security, as per schedule, . 6,000 00 

Cash deposited in Irving National Bank, . 2,017 20 

Interest due and accrued, .... 41 11 

Premiums in course of collection (gross), . 5,933 43 
Premiums more than 3 months due, $369 11 

Gross Assets, ....... — 



$282,822 33 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, . . • 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc.,. ' 
Commissions and brokerage, . 

Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, . 
Paid-up Capital, 



$2,005 70 

250 00 

1,000 00 

38,542 62 
766 66 
787 82 



43,352 80 

$239,469 53 
200,000 00 



Surplus over Capital, 



,469 53 



* Value of lands mortgaged, 
Value of buildings thereon, 



Total value of property mortgaged, 
Amount of insurance held as collateral, 



$71,000 00 
70,000 00 

$141,000 00 
57,550 00 



302 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

Income. 

Cash received for fire premiums, . . . $80,017 49 
Deduct re-insurance, rebate, and return prem's, 4,041 99 

Net cash received for fire premiums, . . $75,975 50 

Interest received on bonds and mortgages, .... 4,277 74 
Interest and dividends received from all other sources, . 11,090 45 

Gross Cash Income, $91,343 69 



Expenditures. 

Cash paid for fire losses, ..... 

Deduct salvage and re-insurance. 

Net cash paid for fire losses 

Cash dividends paid, ..... 
paid for commissions and brokerage, 
paid for salaries of officers and employees, 
paid for State and local taxes, 
paid for interest on borrowed money, 
paid for office, agency, and incidental expenses, 

Gross Cash Expenditures, . . . . 



$42,353 49 
20 21 



$42,333 28 
28,000 00 
10,495 68 
14,100 00 
661 49 
877 88 
10,410 58 

$104,878 91 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 



Risks and Premiums. 

Premiums. 

$8,313,201 00 $88,326 15 
8,829,568 00 74,521 01 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



$17,142,769 00 $162,847 16 
9,154,720 00 85,482 61 



',988,049 00 $77,364 55 
70,635 00 628 65 



$7,917,414 00 $76,735 90 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (13 per cent), 

Losses incurred during the year, 

Company's stock owned by directors, .... 



$582,213 82 

337,135 63 

100,000 00 

26,000 00 

43,971 11 

95,100 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



303 



LAMAR INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated April 3, 1872. Commenced business April 3, 1872.] 
Paid-up Capital, $200,000. 

Isaac R. St. John, President. Secretary, Wm. R. Diarmid. 

Office, No. 184 Broadway. 
Attorney to accept service, T, T. Sawyer, Jun., Boston. 

Detailed Statement of Stocks, Bonds, Etc. 



United States bonds, .... 
37 shares National Bank of the Republic, 
40 " National Bank of Commerce, . 
75 " St. Nicholas National Bank, . 



Par value. Market value. 

1255,000 00 $268,700 00 
3,700 00 3,330 00 
4,000 00 5,040 00 
7,500 00 6,750 00 



1270,200 00 $283,820 00 



Securities held as collateral for cash loans : — 

16 shares Mechanics' Bank, Brooklyn, . 
95 " Standard Fire Insurance Company, . 
48 " Long Island Bank, Brooklyn, . 
Queens County bonds, . . . . 



Market value. Loaned thereon. 

$1,360 00 $700 00 

5,985 00 4,600 00 
2,400 00 
2,000 00 



$11,745 00 



4,000 00 



>,300 00 



Summary of Assets, Dec. 31, 1877. 

Loans on mortgage of real estate (first liens *), $77,400 00 

Stocks, bonds, etc., as per schedule, . . 283,820 00 

Loans on collateral security, as per schedule, . 9,300 00 

Cash in the office of the company, . . . 3,855 30 

deposited in various banks, . . 12,704 77 

Premiums in course of collection (gross), . 10,390 06 

Notes taken for marine and inland risks, . 835 00 

Gross Assets, $398,305 13 



Liabilities. 

Losses claimed and reported, .... $3,600 00 

disputed or resisted, ... . . 1,300 00 

Unearned premiums on outstanding risks, . 65,432 68 



* Value of lands mortgaged, . $49,500 00 

Value of buildings thereon, . . • . . . . . 117,500 00 

Total value of property moi'tgaged, $167,000 00 

Amount of insurance held as collateral, ..... 77,400 00 



304 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Commissions and brokerage, . 
Return premiums, .... 
Gross Liabilities, except Capital, 



$744 42 
308 91 



$71,386 01 



Surplus as regards Policy-holders, $326,919 12 

Paid-up Capital, . . 200,000 00 



Surplus over Capital, 



$126,919 12 



Income. 

Cash received for fire premiums, . . . $139,671 59 
Deduct re-insurance, rebate, and return prem's, 9,838 47 

Net cash received for fire premiums, . . $129,833 12 

Cash received for inland premiums, . . $46,514 44 

Deduct re-insurance, rebate, and return prem's, 8,035 80 

Net cash received for inland premiums, . . 38,478 64 

Unpaid premium notes rec'd during the year, $835 00 

Interest received on bonds and mortgages, .... 4,508 82 

Interest and dividends received from all other sources, . . 17,579 53 



Gross Cash Income, $190,400 11 

Expenditures. 



Cash paid for fire losses, $89,703 81 

Deduct salvage and re-insurance, . . 191 34 

Net cash paid for fire losses, .... 

Cash paid for inland losses, .... $19,821 34 
Deduct salvage and re-insurance, . . . 1,943 70 

Net cash paid for inland losses, . . . 

Cash dividends paid, ...... 

paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 

Gross Cash Expenditures, .... 
Risks and Premiums. 



$89,512 47 



17,877 64 
20,000 00 
18,752 12 
18,341 67 
1,933 18 
17,036 49 

$183,453 57 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 



Premiums. 

$11,952,068 00 $130,408 67 
14,627,772 00 141,231 22 



$26,579,840 00 $271,639 89 
14,701,290 00 141,228 50 



$11,878,550 00 $130,411 39 
49,700 00 173 48 



Net amount in force, 



$11,828,850 00 $130,237 91 



1877.] 



INS. CO'S. OF OTHER STATES. 



305 



Inland risks outstanding Dec. 31, 1876, . $215,100 00 $2,044 58 

written during 1877, . . 10,356,347 00 44,883 50 



In force at end of year, 



$45,600 00 



Total $10,571,447 00 $46,928 08 

Deduct risks expired and terminated, . 10,525,847 00 46,278 56 



$649 52 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 

Losses incurred during the year, 

Company's stock owned by directors, .... 



,078,542 22 

577,326 92 

80,000 00 

20,000 00 

100,474 66 

51,600 00 



LORILLARD INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated December, 1871. Commenced January, 1872.] 
Paid-up Capital, $300,000. 

Carlisle Norwood, President. Secretary, John C. Mills. 

Office, No. 152 Broadway. 
Attorney to accept service, Joseph F. Hovey, Boston. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, ....'. $206,500 00 $220,591 25 
Lake Shore and Michigan Southern Railroad, 26,000 00 28,675 00 



232,500 00 $249,266 25 



Securities held as collateral for cash loans : — 

50 shares Metropolitan Gas Company, . 
120 " Chatham National Bank, 
40 " Oriental National Bank, 
36 " Manhattan Life Insurance Co. , 
106 " Union Trust Company, . 
500 " Western Union Telegraph Co., 
100 " N. Y., N. H., and Hartford R. R. 
New Jersey Steamboat Company bonds, 
United States bonds, .... 
Chicago, R. I., and Pacific Railroad bonds, 
New York city bonds, . . •. 



Market value. Loaned thereon . 

$6,500 00 $5,000 00 

3,600 00) 

1,500 00 > 

9,000 00 
11,130 00 
38,750 00 j 
15,000 00 [• 

3,000 00) 

9,000 00 > 

3,900 00 > 

2,000 00 



4,000 00 

3,700 00 
10,000 00 

42,000 00 



11,000 00 
1,500 00 



39 



$103,380 00 $77,200 00 



306 



FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Summary of Assets, Dec. 31, 1877. 

Loans on mortgage of real estate (first liens*), $73,600 00 

Interest accrued thereon, .... 2,292 00 

Stocks, bonds, etc., as per schedule, . . 249,266 25 

Loans on collateral security, as per schedule, . 77,200 00 

Cash in the office of the company, . . . 456 16 

deposited in various banks . . . 23,055 72 

Interest due and accrued, .... 2,851 55 

Premiums in course of collection (gross), . 12,577 11 
Prem's more than three mos. due, . $1,764 41 

Gross Assets, $441,298 79 



Liabilities. 

Losses claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Return premiums, ..... 
Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, . 
Paid-up Capital, 



$2,110 00 
3,150 00 

53,577 06 

1,886 60 

81 61 



60,805 27 

$380,493 52 
300,000 00 



Surplus over Capital, 



,493 52 



Income. 

Cash received for fire premiums, 

Deduct re-ins., rebate, and return premiums, 

Net cash received for fire premiums, . . 

Interest received on bonds and mortgages, 

Interest and dividends received from all other sources, 



$139,060 66 
24,457 28 



$114,603 38 

4,037 82 

19,223 07 



Gross Cash Income, $137,864 27 



Expenditures 
Cash paid for fire losses, .... 
JDeduct salvage and re-insurance, . 
Net cash paid for fire losses, . 
^Cash dividends paid, .... 

paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes, 

paid for office, agency, and incidental expenses,. 

Gross Cash Expenditures, .... 



$54,960 99 
1,435 45 



53,525 54 
30,000 00 
17,589 46 
20,830 00 
8,361 07 
14,719 99 



$145,026 06 



* Total value of property mortgaged. 
Amount of insurance held as collateral, . 



. $165,000 00 
83,500 CO 



1877.] 



INS. CO'S. OF OTHER STATES. 



307 



Fire risks outstanding Dec. 31, 1876, 
written dining 1877, 



Risks and Premiums. 

Premiums. 

$13,275,537 00 $111,025 52 
20,581,328 00 131,384 77 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



$33,856,865 00 $243,010 29 
17,706,866 0a 121,507 84 



$16,149,999 00 $121,502 45 
2,113,386 00 15,664 66 



$14,036,613 00 $105,837 79 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . . 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Losses incurred during the year, . . ... 
Company's stock owned by directors, . . . . 



,062,883 00 
451,595 00 
141,000 00 
30,000 00 
54,750 00 
104,500 00 



MANHATTAN FIRE INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated Jan. 8, 1872. Commenced business March 31, 1872.] 
Paid-up Capital, $250,000. 

Andrew J. Smith, President. Secretary, Louis P. Carman. 

Office, No. 68 Wall Street. 
Attorney to accept service, Edward Stearns, Boston. 

Detailed Statement of Stocks, Bonds, Etc. 



United States bonds, . 

South Carolina State bonds, . 

New York Mut. Gas-Light Company stock, 

Deposit of currency in Miss., . 

Union Pacific gold bond, 



Par value. Market value. 

$300,000 00 $334,000 00 

20,000 00 7,000 00 

15,000 00 15,525 00 

10,000 00 10,000 00 

1,000 00 1,100 00 



$346,000 00 $367,625 00 



Securities held as collateral for cash loans : — 

75 shares Phenix Insurance Company, 
25 " Buffalo Mutual Gas-Light Co., 
25 " Brewers and Maltsters Insurance Co. 
United States bond, ..... 
34 shares Dry Dock and East Broadway R.R., 
16 " Howard Insurance Company, . 



Market value. Loaned thereon 

$6,000 00 | 
3,000 00 \ 
1,250 00 
1,070 00 
5,000 00 
1,000 00 



$5,000 00 

2,000 00 

2,500 00 
700 00 



308 



FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



32 shares Phenix Insurance Company, 
20 " Lamar Insurance Company, 
20 " Hoffman Insurance Company, . 
40 " Lenox Insurance Company, 
30 " Atlantic Insurance Company, . 

60 " Lorillard Insurance Company, . 
United States bonds, .... 
10 shares New York Economical Printing Co 

5 " Phenix Insurance Company, . 

61 " Howard Insurance Company, . 
10 " New York and New Haven Railroad 
Central Pacific gold bonds, 
10 shares Relief Fire Insurance Company, 
Brooklyn City Water bond, . 



. $2,500 00 


$1,400 00 


2,200 001 




1,100 00 




1,200 00 


[ 5,000 00 


1,600 00 




1,600 00 J 




2,220 00 


850 00 


, 1,500 00 
400 00 


- 1,000 00 


3,850 00 


3,000 00 


1, 1,5.00 00 
2,200 00 , 


- 2,375 00 


500 00 


400 00 


1,060 00 


700 00 


$40,750 00 


$24,925 00 



Summary of Assets, Dec. 31, 1877. 



Cash value of unencumbered real estate, 

Loans on mortgage of real estate (first liens *) 

Interest due or accrued thereon, 

Stocks, bonds, etc., as per schedule, 

Loans on collateral security, as per schedule, 

Cash in the office of the company, . 

deposited in Leather Manuf . Nat'l Bank 
Interest due and accrued, 
Premiums in course of collection (gross), 
Notes taken for inland risks, . 
Salvage on losses paid, .... 

Gross Assets, 

Special deposit in other States (net) , 

Balance, ....... 



$11,515 43 

190,723 55 

6,234 64 

367,625 00 

24,925 00 

10,573 34 

85,222 49 

1,541 25 

76,747 94 

11,889 94 

6,240 47 



- $793,239 05 
. f 32 >532 78 

. $760,706 27 



Liabilities. 



Losses adjusted, unpaid, 

claimed and reported, 
disputed or resisted, 



$15,156 92 
28,595 00 
12,500 00 



* Total value of property mortgaged $429,300 00 

Amount of insurance held as collateral, 185,350 00 

j Deposits in other states for special protection of citizens of 

such States, $47,500 00 

Liabilities in such States, 14,96722 

$32,532 78 



1877.] 



INS. CO'S. OF OTHER STATES. 



309 



Unearned premiums on outstanding risks, . $269,275 57 
Commissions and brokerage, .... 9,707 20 

Gross Liabilities, except Capital, . . $335,234 69 

Surplus as regards Policy-holders in this State, . . $425,471 58 
Paid-up Capital, 250,000 00 



Surplus over Capital, 



$175,471 58 



Income. 

Cash received for fire premiums, . . . $660,900 94 
Deduct re-insurance, rebate, and return prem's, 53,683 40 

Net cash received for fire premiums, . . 

Cash received for marine and inland prem's, . $143,881 58 
Deduct re-insurance,. rebate, and return prem's, 62,378 51 

Net cash received for marine and inl'd prem's, 

Interest received on bonds and mortgages, .... 
Interest and dividends received from all other sources, . 
Income from rents, ........ 



$607,217 54 



81,503 07 

11,064 82 

20,435 76 

1,100 00 



Gross Cash Income, $721,321 19 



Expenditures. 

Cash paid for fire losses, .... $410,095 55 

Deduct salvage and re-insurance, . . . 1,925 94 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, . . $85,985 56 

Deduct salvage and re-insurance, . . . 36,579 64 

Net cash paid for marine and inland losses, 

Cash dividends paid, .... 

paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 



$408,169 61 



Gross Cash Expenditures, 



49,405 92 
50,000 00 
98,659 11 
50,422 96 
16,613 48 
65,267 34 

. $738,538 42 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 



Risks and Premiums. 

Premiums. 

$32,534,061 00 $489,303 77 
56,780,280 00 607,217 54 



Total, ..... 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



,314,341 00 $1,096,521 31 
48,278,344 00 592,888 80 



$41,035,997 00 $503,632 51 
. 318,712 00 3,522 58 



$40,717,285 00 $500,109 93 



310 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Marine risks outstanding Dec. 31, 1876, 
written during 1877, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 



. $203,893 00 $2,498 50 
19,331,345 00 135,382 75 



$19,535,238 00 $137,881 25 
19,357,138 00 132,954 75 



L78,100 00 $4,926 50 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (20 per cent.), 
JiOsses incurred during the year, .... 

Company's stock owned by directors, .... 



53,599,144 61 

1,973,861 37 

170,000 00 

50,000 00 

489,827 45 

73,700 00 



MANUFACTURERS' INSURANCE COMPANY, NEWARK, N.J. 

[Incorporated March, 1873. Commenced business Aug. 1, 1873.] 

Paid-up Capital, $200,000. 

George Wilkinson, President. Secretary, D. Smith Wood. 

Office, No. 762 Broad Street. 
Attorney to accept service, Milton Clark, Boston. 

Detailed Statement of Stocks, Bonds, Etc. 



Manufacturers' National Bank stock, 
State Banking Co. stock, 
Rahway city bond, ..... 
Newark and Bloomfield Street Railway stock, 



Par value. Market value. 

$12,700 00 $11,430 00 

2,000 00 1,500 00 

2,000 00 2,000 00 

1,500 00 750 00 



$18,200 00 $15,680 00 



Securities held as collateral for cash loans : — 



Rahway city bond, . 
Celluloid Manufacturing stock, 
Manufacturers' National Bank stock, 
New Jersey Railroad Co. stock, 
National Trust Co. stock, 
Bond and mortgage additional, 
City of Houston market bonds, 
Bond and mortgage additional, 
Bonds and mortgages, 



Market value. Loaned thereon. 



$7,000 00 
1,500 00 
9,360 00 
3,050 00 

7,000 00 

15,000 00 
14,000 00 



$5,588 70 

800 00 

7,540 00 

2,750 00 

4,500 00 

4,500 00 
7,000 00 



$56,910 00 $32,678 70 



1877.] 



INS. CO'S. OF OTHER STATES. 



311 



Summary of Assets, Dec. 31, 1877. 



Cash value of unencumbered real estate, 

Loans on mortgage of real estate (first liens*), 

Interest due or accrued thereon, 

Stocks, bonds, etc., as per schedule, 

Loans on collateral security, as per schedule, 

Cash .in the office of the company, . 

deposited in Manufacturers' Nat'l Bank 
Interest due and accrued, 
Premiums in course of collection (net), . 
Notes taken for fire risks, 

Gross Assets, . . . . 



$33,216 65 

166,800 00 

4,959 08 

15,680 00 

32,678 70 

1,923 54 

23,842 03 

368 75 

19,674 48 

973 28 



$300,116 51 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
All other liabilities, 

Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, 
Paid-up Capital, . . 



Surplus over Capital, 



Income 

Cash received for fire premiums, . . . $162,972 66 
Deduct re-insurance, rebate, and return prem's, 23,470 05 

Net cash received for fire premiums, . . 

Unpaid premium notes rec'd during the year, . $973 28 

Interest and dividends received from all sources, . 

Gross Cash Income, 



$4,008 43 
5,225 00 
1,500 00 

71,967 02 
700 00 



- 83,460 45 

. $216,656 06 
. 200,000 00 



$16,656 06 



$139,502 61 

18,051 79 
$157,554 40 



Expenditures. 

Cash paid for fire losses, .... 
Deduct salvage and re-insurance, . 

Net cash paid for fire losses, .... 

Cash dividends paid, ...... 

Cash paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 

Gross Cash Expenditures, . . . 



$96,738 81 
1,801 40 



$94,937 41 

14,000 00 

29,773 74 

9,882 26 

3,594 99 

9,705 47 

. $161,893 87 



* Total value of property mortgaged, ...... $382,900 00 

Amount of insurance held as collateral, 119,500 00 



312 FIKE, MARINE, AND FIRE-MARINE [Dec. 31, 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1876, . $11,662,802 00 $135,681 92 
written during 1877, . . 12,686,566 00 165,586 34 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount re-insured, 



$24,349,368 00 $301,268 26 
11,865,303 00 154,575 34 



$12,484,065 00 $146,692 92 
418,735 00 4,394 73 



Net amount in force, 



$12,065,330 00 $142,298 19 



Miscellaneous. 



Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (7 per cent.), . 
Losses incurred during the year, ..... 
Company's stock owned by directors, .... 



$516,451 78 

208,647 81 

47,025 42 

14,000 00 

83,118 55 

132,900 00 



MERCANTILE INSURANCE COMPANY, CLEVELAND, O. 

[Incorporated November, 1871. Commenced business Dec. 23, 1871.] 
Paid-up Capital, $200,000. 

William J. Gordon, President. Secretary, George A. Tisdale. 

Office, corner Superior and South Water Streets. 
Attorney to accept service, Hammond Yinton, Boston. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds, .... 

Ohio State bonds, 

600 shares Cleveland and Pittsburgh R. R., 
100 " N. Y. Central and H. R. R. R., 
400 " Lake Shore and Mich. So. R. R., 
Buffalo and Erie R. R. 7 per cent, bonds, 

" State Line R. R. 7 pr. ct. bonds, 



Par value. 

$82,500 00 
23,615 38 
30,000 00 
10,000 00 
40,000 00 
14,000 00 
1,500 00 



Market value. 

$86,700 00 
25,500 00 
23,400 00 
10,625 00 
25,700 00 

16,500 00 



$201,615 38 $188,425 00 



Securities held as collateral for cash loans : — 

60 shares Merchants' Nat'l Bank, Cleveland, . 
16 " Citizens' Savings and Loan Ass'n, . 



Market value. Loaned thereon. 

$7,500 00 $4,000 00 
5,600 00 4,500 00 



$13,100 00 



;,500 oo 



1877.] 



INS. CO'S. OF OTHER STATES. 



313 



Summary of Assets, Dec. 31, 1877. 



Loans on mortgage of real estate (first liens *), 

Interest due or accrued thereon, 

Stocks, bonds, etc., as per schedule, 

Loans on collateral security, as per schedule, 

Cash in the office of the company, . 

deposited in various banks, 
Interest due and accrued, 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 



Re-insurance due, . 
Salvage on losses paid, . . 
Bills receivable and accounts, . 
Wrecking-pump, 

Premiums more than 3 mos. due, 
Gross Assets, ' . 



$47 12 

6,067 12 

2,624 18 

1,250 00 

$558 57 



$91,586 68 

4,776 57 

188,425 00 

8,500 00 

3,523 78 

35,318 28 

356 89 

3,002 55 

18,949 94 



9,988 42 



$364,428 11 



Liabilities. 

Losses claimed and. reported, . 
disputed or resisted, 

Total amount of losses, . 
Less re-insurance, .... 

Net amount of unpaid losses, 
Unearned premiums on outstanding risks 
Due and accrued for rent, salaries, etc., 
State and local taxes, 
Commissions and brokerage, . 
Re-insurance due other companies, . 
Ledger balances, .... 
Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, 
Paid-up Capital, .... 

Surplus over Capital, . • 



$13,369 81 
4,000 00 

$17,369 81 
4,200 21 

$13,169 60 

41,440 44 

559 75 

1,237 73 

856 34 

1,640 00 

4,409 34 



63,313 20 



. $301,114 91 
. 200,000 00 

. $101,114 91 



* Value of lands mortgaged, $205,000 00 

Value of buildings thereon 51,200 00 

Total value of property mortgaged, $256,200 00 

Amount of insurance held as collateral, 4,000 00 

40 



314 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Income. 

Cash received for fire premiums, 
Deduct re-insurance, rebate, and return prem's 
Net cash received for fire premiums, 
Cash received for marine and inl'd prem's, 
Deduct re-insurance, rebate, and return prem's 
Net cash rec'd for marine and inland prem's, 
Unpaid premium notes rec'd during the year, 
Interest received on bonds and mortgages, 



$7,131 70 
Interest and dividends received from all other sources, 



$84,263 00 
9,891 71 

$36,530 30 
18,030 19 



$74,371 29 



18,500 11 

7,568 51 
13,391 30 



Gross Cash Income, $113,831 21 



Expenditures. 

Cash paid for fire losses, 

paid for marine and inland losses, . . $25,019 59 
Deduct salvage and re-insurance, . . . 14,418 03 
Net cash paid for marine and inland losses, 
Cash dividends paid, 

paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 

Gross Cash Expenditures, .... 



$51,844 60 



10,601 56 
30,000 00 
10,910 84 
12,574 80 
2,879 80 
6,635 31 

$125,446 91 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, ..... 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 

Marine risks outstanding Dec. 31, 1876, 
written during 1877, . 

Total, . 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured 

Net amount in force, 



$7,298,464 00 
8,945,202 00 

$16,243,666 00 
9,004,341 00 

$7,239,325 00 
55,800 00 



Premiums. 

$87,643 99 
84,480 39 

$172,124 38 
94,896 32 

$77,228 06 
742 37 



',183,525 00 $76,485 69 



$123,000 00 
1,660,572 00 

^1,783,572 00 
1,683,822 00 

$99,750 00 
19,000 00 



$7,709 00 
30,302 32 

$38,011 32 
31,761 32 

$6,250 00 
1,200 00 



,750 00 $5,050 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



315 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (15 per cent.), 
Losses incurred during the year, ..... 
Company's stock owned by directors, . . . 



$1,110,783 42 

563,586 74 

135,000 00 

30,000 00 

64,207 73 

161,500 00 



MERCANTILE FIRE INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated Jan. 15, 1852. Commenced business Jan. 15, 1852.] 
Paid-up Capital, $200,000. 

Wm. A. Anderson, President. Secretary, C. W. Parmelee. 

Office, No. 166 Broadway. 
Attorney to accept service, W. V. Hutchings, Boston. 



Summary of Assets, Dec 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens * 
Interest due or accrued thereon, 
United States bonds, market value, 
Cash in the office of the company, . 

deposited in Merch. Exch. Nat'l Bank, 
Premiums in course of collection (gross) , 
Premiums more than 3 months due, $18 75 
Gross Assets, 

Liabilities. 
Losses adjusted, unpaid, .... 

claimed and reported, . 
Unearned premiums on outstanding risks, 
Dividends to stockholders unpaid, . 
Due and accrued for rent, salaries, etc., . 
Commissions and brokerage, . 
Return premiums, $1.50; agents' balances 

$44.88, 

Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, . 
Paid-up Capital, . . 



Surplus over Capital, 



31, 1877. 

$15,288 78 

, 44,000 00 

513 33 

207,981 25 

751 08 

12,289 55 

2,683 29 



$757 74 

3,657 25 

28,051 24 

35 00 

666 66 

351 02 

46 38 



$283,507 28 



33,565 29 



. $249,941 99 
. 200,000 00 



,941 99 



* Value of lands mortgaged, $48,000 00 

Value of buildings thereon, 59,500 00 



Total value of pi'operty mortgaged, 
Amount of insurance held as collateral, 



$107,500 00 
47,000 00 



316 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Income. 

Cash received for fire premiums, . . . $58,358 16 
Deduct re-insurance, rebate, and return prem's, 3,714 11 

Net cash received for fire premiums, . . $54,644 05 

Interest received on bonds and mortgages, .... 4,369 93 

Interest and dividends received from all other sources, . 11,704 89 

Income from rents, 200 00 



Gross Cash Income, $70,918 87 



Expenditures. 
Cash paid for fire losses, .... 
Deduct salvage and re-insurance, 
Net cash paid for fire losses, . 
Cash dividends paid, .... 

paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 

Gross Cash Expenditures, .... 



2,369 79 
2,143 29 



$20,226 50 

20,000 00 

6,118 58 

15,900 00 

1,368 10 

7,537 20 

$71,150 38 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 



Risks and Premiums. 

Premiums. 

$8,671,353 79 $61,078 25 
9,791,326 99 59,009 47 



Total, ..... 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



$18,462,680 78 $120,087 72 
10,065,428 02 63,439 12 



5,397,252 76 $56,648 60 
150,604 43 984 44 



5,246,648 33 $55,664 16 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent), . 
Losses incurred during the year, ..... 
Company's stock owned by directors, . . . . 



$1,699,730 69 

840,309 91 

482.000 00 

20,000 00 

23,975 99 

51,250 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



317 



MERCANTILE MUTUAL INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated April, 1842. Commenced business April, 1842.] 
Paid-up Capital, $500,000. 

A. G. Montgomery, Jun., President. Secretary, C. J. Despard. 

Office, No. 35 Wall Street. 
Attorney to accept service, W. V. Hutchings, Boston. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

$129,000 00 $149,650 00 
7,000 00 9,660 00 



United States bonds, 
70 shares Bank of America, . 



50 " Bank of Commerce, 

25 " Bank of New York, 
100 " Bank of the Republic, 
100 " Bank of the State of New York, 
102 " American Exchange Bank, 

90 " Continental Bank, . 
134 " Gallatin National Bank, 
100 " Hanover National Bank, 

38 " Metropolitan National Bank, . 
200 " Merchants' National Bank, . 
300 " Manhattan National Bank, . 

17 " Marine National Bank, . 

30 " Phenix National Bank, . 
100 " Park National Bank, 
110 " St. Nicholas National Bank, . 

20 " Union National Bank, . 
327 " Williamsburgh Gas-Light Company 
Williamsburgh Gas-Light Company, scrip, 
Coast Wrecking Company stock, 
New York city bonds, 6s, 
C. C. and I. C. Railroad bonds, 
Indianapolis and Y. Railroad bonds, 
750 shares New York Central and H. R. R.R., 
104 " Long Island N. S. P. and F. T. Co. 



5,000 00 

2,500 00 

7,500 00 

4,000 00 

10,200 00 

9,000 00 

6,700 00 

10,000 00 

3,800 00 

10,000 00 

15,000 00 

1,700 00 

600 00 

10,000 00 

11,000 00 

1,000 00 

16,350 00 

13,000 00 

10,000 00 

20,000 00 

1,000 00 

20,000 00 

75,000 00 

5,200 00 



6,150 00 
2,825 00 
6,525 00 
4,800 00 

10,710 00 
6,750 00 
7,973 00 

10,000 00 
4,864 00 

11,600 00 

21,000 00 

1,360 00 

588 00 

10,600 00 
7,920 00 
1,460 00 

19,785 00 

13,000 00 
5,000 00 

20,400 00 
330 00 

14,800 00 

80,062 00 
3,900 00 



$404,550 00 $431,712 00 



Securities held as collateral for cash loans : — 

Market value. Loaned thereon. 

100 shares Continental Insurance Company, . $15,000 00 $9,000 00 

Summary of Assets, Dec. 31, 1877. 
Stock, bonds, etc., as per schedule, . . $431,712 00 

Loans on collateral security, as per schedule, . 9,000 00 
Cash deposited in various banks, . . . 40,634 93 
Interest due and accrued, .... 4,327 00 



318 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Premiums in course of collection (gross) , 
Notes taken for marine and inland risks, 
Re-insurance due, ..... 

Salvages, ...... 

Company's own stock, 
Gross Assets, . 



$128,712 39 

189,823 57 

22,926 00 

64,647 00 



$15,500 00 



$891,782 89 



Liabilities. 
Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 

Total amount of losses, .... 
Less re-insurance, ..... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Dividends to stockholders unpaid, . 
Due and accrued for rent, salaries, etc., . 
State and local taxes, .... 
Commissions and brokerage, . 
Re-insurance due other companies, . 
Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, . 
Paid-up Capital, . . . ... 



$7,100. 00 
97,955 00 
15,000 00 



$120,055 00 
17,000 00 

$103,055 00 

119,786 22 

14,367 63 

545 01 

3,804 07 

2,398 48 

5,635 44 



Surplus over Capital, 

Income. 

Cash received for marine and inland prem's, $1,021,709 32 
Deduct re-insurance, rebate, and return prem's, 230,354 44 

Net cash received for marine and inl'd prem's, 

Unpaid premium notes rec'd during the year, . $189,534 43 
Interest and dividends received from all sources, . 
Income from all other sources, 



249,591 85 

$642,191 04 
500,000 00 

$142,191 04 



$791,354 88 

30,982 00 
18,841 04 



Gross Cash Income, $841,177 92 



Expenditures. 

Cash paid for marine and inland losses, . . $691,076 26 
Deduct salvage and re-insurance, . . . 70,106 54 
Net cash paid for marine and inland losses, 
Cash dividends paid, .... 

paid for commissions and brokerage, 

paid for salaries of officers and employees, . 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 



Gross Cash Expenditures, 



$620,969 72 
42,500 00 
52,151 41 
42,142 68 
9,562 27 
23,022 49 



$790,348 57 



1877.] 



INS. CO'S. OF OTHER STATES. 



319 



Marine risks outstanding Dec. 31, 1876, . 
written during 1877, . 



Risks and Premiums. 

Premiums. 

.$579,121 00 $127,119 83 
66,980,099 00 1,015,046 69 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 



$67,559,220 00 $1,142,766 52 
63,307,337 00 1,022,980 30 



:,251,883 00 $119,786 22 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared since 1857, 
Dividends declared during the year (8^- per cent), 
Losses incurred during the year, ... 
Company's stock owned by directors, 



$38,324,078 20 
29,004,987 86 

. . 1,447,108 28 

42,500 00 

. 691,076 26 

. 112,850 00 



THE MERCHANTS' INSURANCE COMPANY, NEWARK, N.J. 

[Incorporated Feb. 18, 1858. Commenced business April 18, 1858.] 

Paid-up Capital, $400,000. 

Silas Merchant, President. Secretary, Henry Powles. 

Office, No. 776 Broad Street. 
Attorney to accept service , Robert H. Wass, Boston. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds, 

Newark city bonds, 

Elizabeth city bonds, 

Long Branch school bonds, 

East Orange street improvement bonds, 

New Brunswick water bonds, . 



Par value. 

$204,500 00 

100,000 00 

25,000 00 

15,000 00 

22,000 00 

2,800 00 



Market value. 

$213,611 25 

110,000 00 

23,750 00 

15,000 00 

22,440 00 

2,800 00 



$369,300 00 $387,601 25 



Securities held as collateral for cash loans : — 



30 shares Merchants' National Bank, 

20 

50 



100 
200 
50 
10 
413 
20 
70 



American Trust Co., 
Newark City Ice Co., 



Mechanics' National Bank, 
Newark City Ice Co., 
First National Bank, 
Consumers' Coal Co., . 
Citizens' Gas-Light Co., 
Merchants' National Bank, 



Mai-ket value. Loaned thereon. 

$2,700 00) 

1,500 00) 

3,750 00 ) 

2,500 00 > 
10,000 00 
18,500 00 

5,000 00 

1,000 00 

2,065 00 

1,080 00 

6,300 00 



$3,900 00 

5,000 00 

7,500 00 
10,000 00 

4,500 00 

2,000 00 
5,175 00 



320 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



150 shares American Trust Co., 
15 " Second National Bank, . 
15 " North Ward National Bank, . 

Newark and New York Railroad bonds, . 
32 shares Essex County National Bank, 
26 " Newark City Ice Co., . 
29 " Mutual Benefit Ice Co., . 



Summary of Assets, Dec 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
deposited in various banks, . 
Interest due and accrued, 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Premiums more than 3 months due, $3,730 96 
Gross Assets, . . . . 

Liabilities. 

Losses adjusted, unpaid, . . . 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, 
Unpaid scrip ordered to be redeemed, 
Interest due or accrued on scrip, 
Commissions and brokerage, . 
Return premiums, . . . 
Gross Liabilities, except Capital and Scrip, 

Surplus as regards Policy-holders, . 

Paid-up Capital, 

Scrip outstanding, not ordered to be redeemed, 

Surplus over Capital and Scrip, 

Income. 

Cash received for fire premiums, 

Deduct re-insurance, rebate, and return pre's, 

Net cash received for fire premiums, 



$11,250 00 
2,025 00 
1,050 00 
4,500 00 I 
2,160 00) 
2,600 00 > 
290 00 J" 



$7,500 00 

1,500 00 

750 00 

4,000 00 
2,000 00 



$78,270 00 


$53,825 00 


. 31, 1877. 




. $110,820 05 
, 391,355 00 

12,667 49 

. 387,601 25 

. 53,825 00 

8,343 74 

38,350 42 




8,686 62 
33,416 82 




225 00 






flM t\AK 001 Qft 


. qpj 


L,UJ-l/,«t/X W 


$4,853 58 

12,568 37 

6,206 78 

. 238,190 62 

570 00 




5,534 00 

13,916 23 

6,289 37 




1,263 10 


289,392 05 




. $400,000 00 
, 59,833 00 


$755,899 34 
4-^Q 833 00 







$433,192 31 
40,445 69 



$296,066 34 



$392,746 62 



* Value of lands mortgaged, $469,625 00 

Value of buildings thereon, 553,800 00 



Total value of property mortgaged, . 
Amount of insurance held as collateral, 



$1,023,425 00 
. 461,550 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



321 



Cash received for marine and inland prem's, . $6,934 72 
Deduct re-insurance, rebate, and return prem's, 3,142 53 

Net cash received for marine and inl'd prem's, 

Interest received on bonds and mortgages, .... 
Interest and dividends received from all other sources, . 
Income from rents, ........ 



$3,792 19 

28,383 99 

24,045 99 

2,744 05 



Gross Cash Income, $451,712 84 



Expenditures. 

Cash paid for fire losses, 
Deduct salvage and re-insurance, 
Net cash paid for fire losses, . 
Cash dividends paid, 
Interest paid scrip-holders, 
Cash paid for redemption of scrip, 

paid for commissions and brokerage, 

paid for salaries of officers and employees, . 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 
Bad debts, . . . . . . . 



$198,900 11 
7,822 02 



Gross Cash Expenditures, 



$191,078 09 
36,000 00 

5,707 76 
13,818 66 
71,105 69 
29,548 74 

7,658 79 
32,238 30 

3,644 40 

$390,800 43 



Eisks and Premiums. 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 

Marine risks written during 1877, . 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



$44,245,715 
55,031,004 



Premiums. 

00 $467,177 53 
00 445,746 72 



,276,719 
44,753,733 



00 $912,924 25 
00 442,048 98 



$54,522,986 
2,012,744 



00 $470,875 27 
00 9,440 53 



$52,510,242 00 $461,434 74 



$641,195 
177,428 



00 $6,934 72 
00 187 68 



$463,767 
157,910 



00 $6,747 04 
00 3,041 18 



$305,857 00 $3,705 86 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Cash dividends declared from organization of company, 
Dividends declared during the year (9 per cent.), . 
Losses incurred during the year, ..... 
Company's stock owned by directors, .... 
41 



52,902,349 25 

1,124,519 72 

192,219 63 

36,000 00 

187,598 43 

74,550 00 



322 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



MERCHANTS' INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated April, 1850. Commenced business April, 1850.] 
Paid-up Capital, $200,000. 

C. V. B. Ostrander, President. Secretary, J. L. Douglas. 

Office, No. 149 Broadway. 
Attorney to accept service, Edward Walley, Boston. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, $100,000 00 $107,600 00 

300 shares North River Bank, 

80 " Merchants' Exchange Bank, 
New York Central Railroad bonds, 
10 shares Rens. and Saratoga Railroad, 



Securities held as collateral for cash loans : 

Hudson County (N.J.) bonds, 
Northern Railroad bonds, 

25 shares American Exchange Co., 

10 
100 

17 

168 

114 

5 

41 

50 
5 



Home Insurance Co. , 
Globe Fire Insurance Co., 
Union Ferry Co., . 
North River Insurance Co. , 
Westchester Insurance Co., 
First Nat'l Bank (Saugerties) 
People's Fire Insurance Co. 
Broadway Insurance Co., 
North River Bank, . 



15,000 00 


7,500 00 


4,000 00 


3,200 00 


35,000 00 


37,187 50 


1,000 00 


1,115 00 


$155,000 00 $156,602 50 


Market value. Loaned thereon. 


$2,600 00 > 
11,700 00) 


$10,000 00 


1,243 75 > 


1,200 00 


1,080 00 ) 




6,500 00 


3,000 00 


2,210 00 


1,050 00 


4,914 00 


2,500 00 


1,311 00 


800 00 


375 00 


300 00 


3,280 00 ? 
2,650 00 J 


1,500 00 




250 00 


100 00 



$38,113 75 $20,450 00 



Summary of Assets, Dec. 31, 1877. 

Loans on mortgage of real estate (first liens*), $294,000 00 

Interest due or accrued thereon, . . . 8,561 11 

Stocks, bonds, etc., as per schedule (cost), . 155,400 00 

Loans on collateral security, as per schedule, . 20,450 00 

Cash in the office of the company, . . . 3,430 42 

deposited in various banks, . . . 15,103 33 

Interest due and accrued, . . . 4,153 23 

Premiums in course of collection (net), . . 11,156 94 

Gross Assets, ■ 



$512,255 03 



* Value of lands mortgaged, $168,500 00 

Value of buildings thereon, 331,500 00 

Total value of property mortgaged, $500,000 00 

Amount of insurance held as collateral, .... 283,500 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



323 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, 
Paid-up Capital, .... 



Surplus over Capital, 



Income. 

Cash received for fire premiums, . . . $151,367 49 
Deduct re-insurance, rebate, and return prem's, 6,009 91 

Net cash received for fire premiums, . . $145,357 58 

Interest received on bonds and mortgages, .... 18,808 81 
Interest and dividends received from all other sources, . . 11,556 26 

Gross Cash Income, . $175,722 65 



$500 00 

5,235 00 

4,100 00 

112,606 57 



$122,441 57 

$389,813 46 
200,000 00 

$189,813 46 



Expenditures. 



Cash paid for fire losses, 

Cash dividends paid, 

paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 

Gross Cash Expenditures, 



$55,018 44 
40,000 00 
27,180 47 
33,087 28 
5,361 94 
10,665 63 

$171,313 76 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, ..... 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



$29,131,098 
29,108,162 



Premiums. 

03 $232,100 77 
14 159,518 03 



$58,239,360 
30,060,319 



17 $391,618 80 
00 159,760 54 



$28,179,041 
49,100 



17 $231,858 26 
00 302 45 



28,129,941 17 $231,555 81 



Miscellaneous. 

Premiums received from organization of company, . . $3,678,514 19 
Losses paid from organization of company, . . . 1,467,847 34 

Cash dividends declared from organization of company, . 974,000 00 
Dividends declared during the year (20 per cent.), . . 40,000 00 
Losses incurred during the year, . . .... 60,357 25 

Company's stock owned by directors, 50,750 00 



324 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

MERCHANTS' INSURANCE COMPANY, PROVIDENCE, R.I. 

[Incorporated May, 1851. Commenced business June, 1851.] 
Paid-up Capital, $200,000. 

Walter Paine, President. Secretary, Charles Foster. 

Office, No. 22 Market Square. 

Attorney to accept service, Peleg E. Eddy, Boston. 



Detailed Statement of Stocks, 

1600 shares National Bank of Commerce, 
1000 

400 

200 

467 

200 

257 

102 
66 



American National Bank, 
Merchants' National Bank, 
Globe National Bank, . 
Providence Gas Company, 
Phoenix National Bank, 
Mechanics' National Bank, 
Manufacturers' National Bank, 
Del. and Hud. Canal Company, 



United States bonds, 



Bonds, Etc. 

Par value. 

$80,000 00 
50,000 00 
20,000 00 
10,000 00 
23,350 00 
10,000 00 
12,850 00 
10,200 00 
6,600 00 
20,000 00 



Market value. 

$74,400 00 
46,000 00 
22,200 00 
10,000 00 
28,020 00 
15,000 00 
16,705 00 
13,158 00 
3,432 00 
21,075 00 



$243,000 00 $249,990 00 



Summary of Assets, Dec. 31, 1877. 



Loans on mortgage of real estate (first liens *) , 

Interest accrued thereon, 

Stocks, bonds, etc., as per schedule, 

Cash in the office of the company, . 

deposited in Nat'l Bank of Commerce, 
Interest due and accrued, 
Premiums in course of collection (gross), 
Gross Assets, 



$40,323 54 

386 99 

249,990 00 

725 93 

54,837 72 

3,630 33 

16,413 68 



$366,308 19 



Liabilities. 

Losses adjusted, unpaid, .... 

claimed and reported, • 

disputed or resisted, 
Unearned premiums on outstanding risks, 
State and local taxes, .... 



$8,152 00 
7,214 00 
5,310 00 

89,446 77 
534 72 



* Value of lands mortgaged, $100,000 00 

Value of buildings thereon 40,000 00 

Total value of property mortgaged $140,000 00 

Amount of insurance held as collateral,. . . . . 17,500 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



325 



Commissions and brokerage, . 
Return premiums, .... 
Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, 
Paid-up Capital, .... 



Surplus over Capital, 



$3,076 98 
1,700 63 



$115,435 10 

$250,873 09 
200,000 00 

$50,873 09 



Income. 

Cash received for fire premiums, . • . $182,827 09 

Deduct re-insurance, rebate, and return prem's, 20,231 23 

Net cash received for fire premiums, 

Cash received for marine and inland prem's, . 

Interest received on bonds and mortgages, 

Interest and dividends received from all other sources, . 

Gross Cash Income, 

Expenditures. 



$162,595 86 

977 52 

2,419 42 

17,077 45 

$183,070 25 



. $111,455 10 
242 23 



Cash paid for fire losses, 

Deduct salvage and re-insurance, . 

Net cash paid for fire losses, .... 

Cash dividends paid, 

paid for commissions and brokerage, .... 

paid for salaries, office, ag'cy, and inci'tal expenses, . 

paid for State and local taxes, ..... 

Gross Cash Expenditures, 



$111,212 87 

24,000 00 

36,878 28 

14,873 64 

6,100 98 

$193,065 77 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1876, . $12,624,679 00 $177,285 89 
written during 1877, . . 14,833,342 00 182,827 09 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 

Marine risks written during 1877, . 
Deduct risks expired and terminated, 



$27,458,021 00 $360,112 98 
13,866,430 00 187,478 22 



$13,591,591 00 $172,634 76 



$411,882 00 
411,882 00 



$977 52 
977 52 



Miscellaneous. 



Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (12 per cent), . 

Losses incurred during the year, 

Company's stock owned by directors, . . . . 



13,793,626 05 

2,711,211 94 

50,800 00 

24,000 00 

113,510 00 

45,580 00 



326 



FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



MERIDEN FIRE INSURANCE COMPANY, MERIDEN, CONN. 

[Incorporated July 2, 1868. Commenced business Feb. 1, 1872.] 
Paid-up Capital, $200,000. 

L. N. Clarke, President. Secretary, E. B. Cowles. 

Attorney to accept service, George W. Reed, Boston. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

$115,000 00 $122,093 75 
15,000 00 16,800 00 



United States bonds, . ... 
Harlem River and P. C. R. R. bonds, . 
New Haven and Northampton R. R. bonds, 
Danbury and Norwalk Railroad bonds, . 
Meriden city water bonds, 
First National Bank stock, Meriden, 
Home National Bank stock, . 
Meriden National Bank stock, 
New Britain National Bank stock, . 



Securities held as collateral for cash loans : 



860 shares Meriden Britannia Company, 



8,000 00 
9,500 00 
5,000 00 
9,000 00 
19,800 00 
8,900 00 
4,500 00 



7,200 00 
10,450 00 

5,500 00 
10,800 00 
23,760 00 
10,680 00 

6,075 00 



12 

14 

31 

9 

696 
73 
35 

100 



Adams Express Company, 
iEtna Insurance Company, 
Home National Bank, . 
First National Bank, 
Meriden Cutlery Company, 
Meriden Cutlery Company, 
American Express Company, 
G. F. Warner & Co., New Haven, 



First mortgage, assigned, 



$194,700 00 $213,358 75 



Market value. Loaned tbereon. 

$64,500 00 $23,500 00 



Loans on mortgage of real estate (first liens *), 
Interest accrued thereon, . . . 

Stocks, bonds, etc., as per schedule, 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 

deposited in Home National Bank, 
Interest due and accrued, 
Premiums in course of collection (gross), 
Maps, surveys, etc., . . $4,000 00 
Gross Assets, 



1,170 00 


900 00 


3,220 00 


1,100 00 


3,720 00 


2,900 00 


1,080 00 


ioa 00 


17,400 00 


9,000 00 


1,825 00 V 
1,697 00) 


2,250 00 


2,500 00 > 
2,800 00 ) 


3,150 00 


$99,912 00 


$42,900 00 


31, 1877. 




, $1,800 00 




27 14 




. 213,358 75 




42,900 00 




1,099 71 




31,459 62 




1,908 26 




. 26,964 38 




$319,517 86 



* Total value of property mortgaged, 



$3,400 00 



,577 65 
11,609 26 



2,186 91 
800 00 



$21,386 91 

85,537 51 

800 00 

1,553 00 



1877.] INS. CO'S. OF OTHER STATES. 

Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, . 

Total amount of losses, . 

Less re-insurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc. 
Commissions and brokerage, . 

Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, 
Paid-up Capital, .... 

Surplus over Capital, 

Income 
Cash received for fire premiums, 
Deduct re-insurance, rebate, and return prem'i 
Net cash received for fire premiums, 
Interest received on bonds and mortgages, 
Interest and dividends received from all other 
Income from commissions, 

Gross Cash Income, 

Expenditures. 

Cash paid for fire losses, $118,376 11 

Deduct salvage and re-insurance, . . . 3,259 91 

Net cash paid for fire losses * . 

Cash dividends paid, .... 

paid for commissions and brokerage, 

paid for salaries of officers and employees, . 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 

Gross Cash Expenditures, .... 
Risks and Premiums. 



327 



$109,277 42 

$210,240 44 
200,000 00 

$10,240 44 



$211,870 78 
27,374 68 



sources, 



$184,496 10 

210 50 

15,404 93 

1,077 82 

$201,189 35 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, ..... 
Deduct risks expired and terminated, 

In force at end of year, . * 
Deduct amount re-insured, 

Net amount in force, 



$10,899,576 00 
17,266,129 00 

$28,165,705 00 
14,285,300 00 

$13,880,405 00 
. 587,132 00 



$115,116 20 

24,000 00 

28,794 80 

9,900 00 

4.705 06 
17,573 46 

$200,089 52 

Premiums. 

$144,959 47 
214,101 42 

$359,060 89 
179,693 79 

$179,367 10 

9.706 65 



$13,293,273 00 $169,660 45 



328 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Miscellaneous. 

Premiums received from organization of company, . 
Losses paid from organization of company, . 
Cash dividends declared from organization of company, 
Dividends declared during the year (12 per cent.), . 

Losses incurred during the year, 

Company's stock owned by directors, .... 



$875,946 76 
462,105 02 
100,000 00 

24,000 00 
118,945 38 

47,800 00 



NATIONAL FIRE INSURANCE COMPANY, BALTIMORE, MD. 

[Incorporated December, 1849. Commenced business May, 1850.] 
Paid-up Capital, $200,000. 

John B. Seidenstricker, President. Secretary, H. C. Laxdis. 

Attorney to accept service, J. Edward Hollis, Boston. . 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, . $70,000 00 $72,437 50 

Missouri State bonds, 20,000 00 21,600 00 

Maryland State bonds, .'.... 15,700 00 17,113 00 

Virginia State consols, 19,100 00 10,791 50 

South Carolina State consols, . . . . 11,500 00 6,900 00 

West Maryland Railroad bonds (guar'd), . 10,000 00 11,200 00 

Central Ohio Railroad bonds, .... 25,000 00 25,000 00 

Cincinnati and Bait. Railroad bonds, . . 20,000 00 19,000 00 

Pittsburgh and C. Railroad bonds, . . . 6,000 00 6,000 00 

Wilmington, C, and A. Railroad bonds, . 42,542 50 16,875 50 

Baltimore Gas-Light Company certificates, . 10,000 00 10,500 00 



$249,842 50 $217,417 50 
Securities held as collateral for cash loans : — 

Market value. Loaned thereon. 

30 shares First Nat'l Bank, Harrisonburg, Va., $3,000 00 $1,100 00 



Summary of Assets, Dec. 31, 1877. 

Cash value of unencumbered real estate, . $55,000 00 

Stocks, bonds, etc., as per schedule, . . 217,417 50 

Loans on collateral security, as per schedule, . 1,100 00 

Cash in the office of the company, . . . 677 32 

deposited in the Nat'l B'k of Commerce, 6,416 94 

Interest due and accrued, .... 2,733 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



329 



Premiums in course of collection (net), 
Rents due and accrued, . 
Agents' balances, .... 
Gross Assets, .... 
Special deposit in Virginia (net), . 



)1,087 47 

429 16 

2,942 58 



$287,803 97 
* 4,766 69 



Balance, $283,037 28 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, . 
disputed or resisted, 
Unearned premiums on outstanding risks, 
Reclaim able on perpetual fire policies, 
Dividends to stockholders unpaid, . ' 
Gross Liabilities, except Capital, 



$6,335 24 
3,450 00 

2,750 00 

39,962 88 

7,810 09 

706 00 



61,014 21 



Surplus as regards Policy-holders in this State . . $222,023 07 
Paid-up Capital, 200,000 00 



Surplus over Capital, 



$22,023 07 



Income. 

Cash received for fire premiums, . . . $84,133 72 
Deduct re-insurance, rebate, and return prem's, 6,108 32 

Net cash received for fire premiums, . . $78,025 40 

Interest and dividends received from all sources, . . . 9,475 44 

Income from rents, 1,919 45 

Received for increased capital, . . . $33,920 00 

Gross Cash Income, . . . .... . $89,420 29 



Expenditures. 

Cash paid for fire losses, $27,628 46 

Cash dividends paid, 22,555 00 

paid for commissions and brokerage, .... 12,080 43 

paid for salaries of officers and employees, . . . 11,565 58 

paid for State and local taxes, 4,697 60 

paid for office, agency, and incidental expenses, . . 3,619 80 
Deposits returned on perp'l fire risks, . . . $175 00 

Gross Cash Expenditures, . . .... $82,146 87 



* Deposit in Virginia for special protection of citizens of said 

State, . $10,791 50 

Liabilities in said State, 6,024 81 



$4,766 69 



42 



330 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, '. 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 
Perpetual risks in force, . 



Premiums. 

$7,812,492 00 $62,044 78 
10,999,155 00 84,133 72 



$18,811,647 00 $146,178 50 
9,426,182 00 67,803 13 



$9,385,465 00 $78,375 37 
57,600 00 490 66 



9,327,865 00 $77,884 71 
$327,700 00 $8,221 15 



Miscellaneous. 



Premiums received from organization of company,. 
Losses paid from organization of company, 
Cash dividends declared from organization of company 
Dividends declared during the year (11 per cent.), 
Losses incurred during the year, .... 



,547,113 52 

873,887 06 

293,504 55 

22,000 00 

32,913 70 



NATIONAL FIRE INSURANCE COMPANY, HARTFORD, CONN. 

[Incorporated Nov. 27, 1871. Commenced business Dec. 1, 1871.] 
Paid-up Capital, $500,000. 

Mark Howard, President. Secretary, James Nichols. 

Office, No. 118 Asylum Street. 
Attorney to accept service, Joseph F. Hovey, Boston. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

Connecticut state bonds, .... $5,000 00 ' $5,500 00 

Hartford town bonds, 10,000 00 10,000 00 

Hartford city bonds, 25,000 00 29,000 00 

Hartford city water bonds, . . . . 10,000 00. 10,900 00 

New Britain city bonds, 6,000 00 6,600 00 

Rochester city bonds, 15,000 00 16,500 00 

Detroit city bonds, . . . . . . 10,000 00 11,000 00 

Lockport city bonds, 10,000 00 11,000 00 

Hartford school bonds, 25,000 00 27,000 00 

Hart. , Prov., and Fishkill R.R. 1st mort. bonds, 40,000 00 43,200 00 

Harlem R. and P. Chest. R.R. 1st mort. bonds, 25,000 00 28,750 00 

400 shares New York, N. H., and H. Railroad, 40,000 00 63,200 00 

100 " P., Ft. Wayne and Chicago R. R., 10,000 00 9,100 00 

200 " New York C. and H. R. Railroad,. 20,000 00 21,600 00 

100 " Chicago, R. I., and Pacific Railroad, 10,000 00 10,200 00 



1877.]' 



INS. CO'S. OF OTHER STATES. 



331 



200 shares Cleveland and Pittsburg Railroad, . 

100 " National Banking Assoc., N.Y., . 

100 " Metropolitan National Bank, N,Y., 

50 " Central National Bank, New York, 

140 " Farmers and Mech. Nat'l B'k, H'd, 

100 " Charter Oak Nat'l Bank, Hartford, 

300 " Phoanix National Bank, Hartford, . 

215 " iEtna National Bank, Hartford, 

50 " City National Bank, Hartford 

300 " Hartford National Bank, Hartford, 

50 " Mercantile Nat'l Bank, Hartford, . 

200 " National Exch. Bank, Hartford, . 

75 " National Bank of Republic, Boston, 

70 " Boston National Bank, Boston, 

25 " Merchants' Bank, St. Louis, . 



$10,000 00 

5,000 00 

10,000 00 

5,000 00 

14,000 00 

10,000 00 

30,000 00 

21,500 00 

5,000 00 

30,000 00 

5,000 00 

10,000 00 

7,500 00 

7,000 00 

875 00 



$7,700 00 

2,750 00 

13,500 00 

5,150 00 

15,960 00 

12,700 00 

45,300 00 

25,800 00 

4,550 00 

45,600 00 

5,700 00 

13,200 00 

9,825 00 

7,910 00 

500 00 



$431,875 00 $519,695 00 



Securities held as collateral for cash loans : — 



5 shares Hartford National Bank, . 

Summary of Assets, Dec 

Cash value of unencumbered real estate, 

Loans on mortgage of real estate (first liens *) 

Interest accrued thereon, 

Stocks, bonds, etc., as per schedule, 

Loans on collateral security, as per schedule, 

Cash in the office of the company, . 

deposited in various banks, 
Interest due and accrued, 
Premiums in course of collection (net) , . 
Gross Assets, 



Market value. Loaned thereon. 

$760 00 $600 00 

31, 1877. 

$10,775 01 

412,500 00 

19,096 28 

519,695 00 

600 00 

195 60 

47,700 94 

5,660 14 

24,500 00 

$1,040,722 97 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, . 
Paid-up Capital, . ." . 



Surplus over Capital, 



$8,912 26 

12,982 78 

3,000 00 

167,521 16 



192,416 20 



,306 77 
500,000 00 

$348,306 77 



* Value of lands mortgaged, ........ $729,534 00 

Value of buildings thereon, 531,326 00 



Total value of property mortgaged, 
Amount of insurance held as collateral, 



$1,260,860 00 
. 333,500 00 



332 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

Income. 

Cash received for fire premiums, . . . $278,273 76 
Deduct re-insurance, rebate, and return prem's, 20,407 90 

Net cash received for fire premiums, . . $257,865 86 

Interest received on bonds and mortgages, .... 30,200 08 
Interest and dividends received from all other sources, . 35,045 74 



Gross Cash Income, $323,111 68 



Expenditures. 

Cash paid for fire losses, $154,595 48 

Deduct salvage and re-insurance, ... 18 12 

Net cash paid for fire losses, .... $154,577 36 

Cash dividends paid, 75,000 00 

Cash paid for commissions and brokerage, . . . . 37,711 06 

for salaries of officers and employees, . . . 26,446 75 

for State and local taxes, 8,126 82 

for office, agency, and incidental expenses, . . 16,174 23 



Gross Cash Expenditures, 



$318,036 22 



Eisks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1876, . $28,280,260 00 $365,140 84 
written during 1877, . . 22,220,123 00 257,865 86 



Total, $50,500,383 00 $623,006 70 

Deduct risks expired and terminated, . 22,446,926 00 285,236 31 



In force at end of year, . . . $28,053,457 00 $337,770 39 
Deduct amount re-insured, . . . 147,653 00 1,697 83 



Net amount in force, . . . $27,905,804 00 $336,072 56 



Miscellaneous. 

Premiums received from organization of company, . $2,228,385 94 
Losses paid from organization of company, . . . 1,014,727 88 

Cash dividends declared from organization of company, . 395,000 00 
Dividends declared during the year (15 per cent.), . . 75,000 00 
Losses incurred during the year, ...... 146,795 41 

Company's stock owned by directors, 120,000 00 



1877.] INS. CCTS. OF OTHER STATES. 333 

NATIONAL FIRE INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated, 1838. Commenced business, April 9, 1838.] 
Paid-up Capital, $200,000. 

Henry T. Drowne, President, Secretary, Henry H. Hall. 

Office, No. 52 Wall Street. 
Attorney to accept service, J. Edward Hollis, Boston. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, $105,000 00 $111,756 25 

New York Produce Exchange stock, . . - 600 00 



$112,356 25 

Summary of Assets, Dec. 31, 1877. 

Cash value of unincumbered real estate, . . $4,000 00 

Loans on mortgage of real estate (first liens *), 221,450 00 

Interest due or accrued thereon, . . . 3,829 58 

Stocks, bonds, etc., as per schedule, . . 112,356 25 

Cash in the office of the company, . . . 3,073 38 

deposited in various banks, . . . 35,898 94 

Premiums in course of collection (net), . . 11,568 07 

Gross Assets, $392,176 22 

Liabilities. 

Net amount of unpaid losses, .... $8,000 00 

Unearned premiums on outstanding risks, . 80,656 99 

Gross Liabilities, except Capital, . . 88,656 99 



Surplus as regards Policy-holders, $303,519 23 

Paid-up Capital, . . . . . .... 200,000 00 



Surplus over Capital, . $103,519 23 

Income. 

Cash received for fire premiums, . . . $171,475 01 
Deduct re-insurance, rebate, and return prem's, 18,164 34 

Net cash received for fire premiums, . . $153,310 67 

Interest received on bonds and mortgages, .... 16,510 27 

Interest and dividends received from all other sources, . . 5,940 65 

Income from rents, 200 00 



Gross Cash Income, $175,961 59 



* Total value of property mortgaged, $463,500 00 

Amount of insurance held as collateral 225,800 00 



334 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Expenditures. 

Cash paid for fire losses, . . . . $94,260 87 

Deduct salvage and re-insurance, ... . 953 61 

Net cash paid for fire losses, . 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for office, agency, and incidental expenses, 

Gross Cash Expenditures, .... 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, . . . . . 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



$23,062,854 
25,704,847 



,767,701 
23,814,959 



$24,952,742 
88,000 



$93,307 26 
28,000 00 
25,500 69 
17,228 39 
3,921 35 
25,290 89 

$193,248 58 



Premiums. 

00 $168,385 53 
00 171,039 10 



00 $339,424 63 
00 172,250 92 



00 $167,173 71 
00 735 10 



$24,864,742 00 $166,438 61 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Cash dividends declared from organization of company, 
Dividends declared during the year (14 per cent.), 
Losses incurred during the year, ..... 
Company's stock owned by directors, .... 



$2,597,387 00 

1,272,441 26 

870,056 00 

28,000 00 

92,628 15 

51,337 50 



NEWARK CITY INSURANCE COMPANY, NEWARK, N.J. 

[Incorporated March 5, 1857. Commenced business March 21, I860.] 
Paid-up Capital, $200,000. 

Horace J. Poinier, President. Secretary, John Schnellbacher. 

Office, No. 191 Market Street. 
Attorney to accept service, James Swords, Boston. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds, 
Essex county road improvement bonds, 
Newark city war bounty bonds, 
Essex county bounty bonds, . 
Newark city improvement bonds, . 



Par value. 

$21,500 00 

14,000 00 

3,000 00 

3,000 00 

10,000 00 



Market value. 

$22,381 25 

14,980 00 

3,240 00 

3,300 00 

11.200 00 



^51,500 00 $55,101 25 



1877.] 



INS. CO'S. OF OTHER STATES. 



335 



Summary of Assets, Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens '*') 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule 
Cash in the office of the company 
deposited in various banks,' 
Interest due and accrued, 
Premiums in course of collection (gross), 
Rents due and accrued, $629.58; scrip divi 
dends due, $442.00, . 
Gross Assets, . 



31, 1877. 

$76,967 59 

113,700 00 

3,809 75 

55,101 25 

3,253 39 

37,194 32 

540 89 

8,557 52 

1,071 58 



$300,196 29 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Unpaid scrip ordered to be redeemed, 
Commissions and brokerage, . 

Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, . 
Paid-up Capital, 



$10,572 73 

2,352 00 

625 00 

60,679 88 

3,042 00 

1,897 95 



79,169 56 

$221,026 73 
200,000 00 



Surplus over Capital, 



. $21,026 73 



Income. 

Cash received for fire premiums, . . . $135,844 09 
Deduct re-insurance, rebate, and return prem's, 13,416 06 

Net cash received for fire premiums, . . 

Interest received on bonds and mortgages, .... 
Interest and div'ds rec'd from all other sources, 
Income from rents, $2,322.34 ; commissions, 

$2,691.98 ; miscellaneous, $41.65, 



$122,428 03 
9,556 30 
5,604 06 

5,055 97 



Gross Cash Income, . . . ..... $142,644 36 

* Value of lands mortgaged $99,000 00 

Value of buildings thereon 200,700 00 

Total value of property mortgaged, $299,700 00 

Amount of insurance held as collateral, ..... 15Q,150 00 



336 



FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Expenditures. 

Cash paid for fire losses, $95,775 21 

Deduct salvage and re-insurance, . . . 3,235 81 

Net cash paid for fire losses, . 

Cash dividends paid, 

paid for redemption of scrip, 

paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes and fees, . 

paid for office, agency, and incidental expenses, 



$92,539 40 

17,000 00 

165 00 

26,582 54 

14,136 00 

4,797 04 

7,209 63 



Gross Cash Expenditures, $162,429 61 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, . 



Risks and Premiums. 

Premiums. 

$10,131,015 00 $135,665 32 
12,050,631 24 135,689 37 



Total, . . 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



£22,181,646 24 $271,354 69 
11,825,909 25 149,371 71 



$10,355,736 99 $121,982 98 
. 204,195 87 2,309 56 



$10,151,541 12 $119,673 42 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (8£ per cent.), 
Losses incurred during the year, . . .... 

Company's stock owned by directors, • 



$939,105 00 

357,513 02 

137,641 42 

17,000 00 

92,068 05 

82,600 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



337 



NEWARK FIRE INSURANCE COMPANY, NEWARK, N.J. 

[Incorporated May 10, 1810. Commenced business May 10, 1810.] 
Paid-up Capital, $254,604.* 

Cephas M. Woodruff, President. Secretary, John J. Henry. 

Office, Nos. 741 and 743 Broad Street. 
Attorney to accept service, Richard Pope, Boston. 



Detailed Statement of Stocks, 



United States bonds, 
National State Bank stock, 
Newark City National Bank stock, 
Newark National Banking Co. stock, 
Mechanics' National Bank stock, . 
Mechanics' Insurance Co. stock, 
Morris and Essex Railroad Co. stock, 



Summary of Assets, Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens f ) 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, . 
Cash deposited in various banks, 
Interest due and accrued, 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
Rents due and accrued, .... 
Gross Assets, 

Liabilities. 

Unearned premiums on outstanding risks, 
Dividends to scrip-holders, unpaid, . 
Due and accrued for rent, salaries, etc. 
Commissions and brokerage, . 
Return premiums, .... 
Gross Liabilities, except Capital, 



Bonds, Etc. 

Par value. 

$50,000 00 

13,700 00 

13,250 00 

7,700 00 

4,550 00 

1,050 00 

10,000 00 



Market value. 

$53,231 25 

15,481 00 

18,550 00 

10,780 00 

8,417 50 

1,312 50 

7,500 00 



$100,250 00 $115,272 25 

31, 1877. 

$57,000 00 

434,395 00 

10,561 93 

115,272 25 

7,134 85 

33,306 93 

1,971 00 

11,274 00 

400 37 

4-46 50 

$671,762 83 



$50,604 27 

7,474 41 

375 00 

1,691 10 

325 00 



60,469 78 



* Represented by scrip pledged to meet losses. 

j Value of lands mortgaged, $570,200 00 

Value of buildings thereon, 650,000 00 

Total value of property mortgaged, $1,220,200 00 

Amount of insurance held as collateral, .... 534,675 00 

43 



338 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Surplus as regards Policy-holders, . 
Paid-up Capital (represented by scrip), . 



. $611,293 05 
. 254,604 00 



Surplus over Capital, $356,689 05 



Income. 

Cash received for fire premiums, . . . $104,815 90 
Deduct re-insurance, rebate, and return prem's, 24,171 35 

Net cash received for fire premiums, . . 

Interest received on bonds and mortgages, .... 
Interest and dividends received from all other sources, 
Income from all other sources, 



Gross Cash Income, 



$80,644 55 

32,459 20 

4,815 50 

1,178 .75 

$119,098 00 



Expenditures. 



Cash paid for fire losses, 

Interest paid scrip-holders, .... 
Cash paid for redemption of scrip, . 

paid for commissions and brokerage, 

paid for salaries of officers arid employees, 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 

Gross Cash Expenditures, . 



$19,777 23 
24,023 10 

12,976 36 
8,185 96 
2,020 43 
5,390 23 

$72,373 31 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 



Risks and Premiums. 

Premiums. 

$14,171,287 33 $92,597 71 
13,683,419 29 104,335 95 



Total, ..... 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



$27,854,706 62 $196,933 66 
13,196,909 33 98,621 45 



$14,657,797 29 $98,312 21 
602,461 50 3,804 41 



$14,055,335 79 $94,507 80 



Miscellaneous. 

Premiums received from organization of company, . $1,245,645 69 

Losses paid from organization of company, .... 212,476 12 

Cash dividends declared from organization of company, . 506,208 79 

Scrip dividends declared during the year, .... 20,909 00 

Losses incurred during the year, 15,923 79 



1877.] 



INS. CO'S. OF OTHER STATES. 



339 



NEW HAMPSHIRE FIRE INSURANCE COMPANY, MANCHESTER, 

N.H. 

[Incorporated 1869. Commenced business April, 1870.] 

Paid-up Capital, $250,000. 

E. A. Straw, President. Secretary, John C. French. 

Attorney to accept service, Sewell A. Fattnce, Boston. 



8s, . 



R 



Detailed Statement of Stocks, 



United States bonds, 
Manchester city bonds, 6s, 
St. Louis city bonds, 6s, . 
Chicago city bonds, 7s, . 
Michigan Air Line Railroad bonds 
Cleveland city bonds, 7s, 
Maine Central Railroad bonds, 6s, 
Cheshire Railroad bonds, 6s, . 
Chicago, Burling., and Quincy R 
Burlington and Mo. R. R.R. bonds 
Jackson, L. and S. Railroad bonds 
Burlington and Mo. R. R.R. (Neb 
Zanesville city (O.) bonds, 8s, 
Marion county (Ind.) bonds, 8s, 
New Hampshire state bonds, 6s, 
Toledo city bonds, 7s, . 
Hillsboro' county bonds, . 
Concord city bonds, 6s, . 
Marietta city (O.) bonds, 8s, . 
Suncook Valley Railroad stock, 
City National Bank stock, 



bonds, 7s 
7s,. 
8s, . 
) bonds, 



Bonds, 

Par value 

1100,000 

44,500 

17,000 

10,000 

10,000 

20,000 

10,000 

13,000 

14,000 

10,000 

10,000 

15,000 

10,000 

25,000 

14,000 

7,000 

5,000 

2,000 

10,000 

4,000 

5,000 



Etc. 

Market value. 

00 $105,475 00 



00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 



47,170 00 

17,510 00 

10,700 00 

6,000 00 

20,500 00 

9,000 00 

12,870 00 

15,330 00 

10,950 00 

6,500 00 

16,500 00 

10,500 00 

26,500 00 

15,820 00 

7,000 00 

5,100 00 

2,100 00 

10,500 00 

4,000 00 

5,000 00 



$355, 500 00 $365,025 00 



Securities held as collateral for cash loans : — 



50 shares Manchester and Lowell R.R., 
10 " Amoskeag National Bank, 

9 " City National Bank, 
United States bonds, 
Cambridge city bonds, . 
N. E. Loan Company's bonds, 
Personal note, secured, . 



Market value. Loaned thereon. 



$6,250 00 

1,250 00 

900 00 

500 00 

1,040 00 

5,150 00 

8,000 00 



$5,000 00 
1,000 00 
800 00 
400 00 
1,000 00 
5,000 00 
6,000 00 



$23,090 00 $19,200 00 



340 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Summary of Assets, Dec. 31, 1877. 

Loans on mortgage of real estate (first liens), . $58,696 29 

Stocks, bonds, etc., as per schedule, 

Loans on collateral security, as per schedule, . 

Cash in the office of the company, . 

deposited in Amoskeag National Bank, . 

Interest due and accrued, .... 

Premiums in course of collection (net), . 

Profits due from agency, .... 

Gross Assets, 



365,025 00 

19,200 00 

3,472 00 

23,561 96 

4,953 02 

7,173 69 

889 69 



$482,971 65 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, . . 
disputed or resisted, 
Unearned premiums on outstanding risks, 
Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, . 
Paid-up Capital, 



$15,727 00 

4,100 00 

800 00 

98,866 51 



119,493 51 



. $363,478 14 
. 250,000 00 



Surplus over Capital, 



. $113,478 14 



Income. 

Cash received for fire premiums, . . . $189,132 69 
Deduct re-insurance, rebate, and return prem's, 18,041 47 

Net cash received for fire premiums, . . $171,091 22 

Interest and dividends received from all sources, . . . 32,533 98 
Income from all other sources, 288 41 



Gross Cash Income, $203,913 61 



Expenditures. 



Cash paid for fire losses, 

dividends paid, ..... 
paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for office, agency, and incidental expenses, 



$95,630 18 

20,000 00 

27,570 64 

7,333 46 

4,697 16 

10,019 41 



Gross Cash Expenditures, 



$165,250 85 



1877.] INS. CO'S. OF OTHER STATES. 341 

Risks axd Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1876, . $17,642,944 00 $216,277 09 
written during 1877, . . 16,889,647 00 171,091 22 



Total, $34,532,591 00 $387,368 31 

Deduct risks expired and terminated, . 16,294,833 00 179,783 00 



In force at end of year, . . . $18,237,758 00 $207,585 31 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year, .... 
Losses incurred during the year, ..... 
Company's stock owned by directors, .... 



$910,663 17 
414,221 52 
104,000 00 

20,000 00 
101,509 19 

83,000 00 



NEW YORK CITY INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated Fet>. 19, 1872. Commenced business March. 1, 1872.] 
Paid-up Capital, 3200,000. 

Richard L. Fraxklix, President. Secretary, Johx W. Simoxsox. 

Office, No. 100 Broadway. 
Attorney to accept service, Nath'l Foster, Jux., Belmont. 

Detailed Statemext of Stocks, Boxds, Etc. 

Par value. Market value. 

United States bonds, $201,000 00 $217,470 00 

New York Guaranty and I. Company stock, . 5,935 00 5,935 00 



$206,935 00 $223,405 00 

Summary of Assets, Dec. 31, 1877. 

Stocks, bonds, etc., as per schedule, . . $223,405 00 

Cash in the office of the company, . . . 1,624 89 

deposited in Metropolitan Nat'l Bank, . 9,860 71 

Premiums in course of collection (gross), . 11,028 75 
Premiums more than 3 mos. due, . $935 95 

Gross Assets, — $245,919 35 



U2 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

Liabilities. 



$5,709 66 
3,005 00 

42,455 07 
3,062 96 



Losses adjusted, unpaid, 

claimed and reported, . 
Unearned premiums on outstanding risks, 
All other liabilities, .... 

Gross Liabilities, except Capital, . . $54,232 69 

Surplus as regards Policy-holders, $191,686 66 

Paid-up Capital, 200,000 00 

Impairment of Capital $8,313 34 



Income. 

Cash received for fire premiums, . . . $116,361 20 
Deduct re-ins., rebate, and return premiums, . 16,752 73 

Net cash received for fire premiums, . . $99,608 47 

Interest and dividends received from all sources, . . . 11,901 53 



Gross Cash Income, $111,510 00 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and re-insurance, . 

Net cash paid for fire losses, .... 

Cash dividends paid, ...... 

paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 



$50,128 67 
3,854 97 



Gross Cash Expenditures, 



$46,273 70 
20,000 00 
17,205 14 
13,452 71 
250 89 
17,059 07 

$114,241 51 



Eisks and Premiums. 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, . ' . 

Net amount in force, . 



$11,730,613 00 
14,376,152 00 

$26,106,765 00 
15,032,093 00 

$11,074,672 00 
. 521,910 00 



Premiums. 

$77,927 52 
111,086 09 



$189,013 61 
100,659 95 

$88,353 66 
4,392 52 



$10,552,762 00 $83,961 14 



1877.] 



INS. CO'S. OF OTHER STATES. 



Miscellaneous. 
Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Losses incurred during the year, ..... 
Company's stock owned by directors, . ... 



9 19 
04:0 


. $694,552 00 


. 354,303 00 


80,000 00 


20,000 00 


52,989 00 


79,900 00 



NEW YORK AND BOSTON INSURANCE COMPANY, NEW YORK, 

N.Y. 

[Incorporated July 28, 1876. Commenced business Aug. 1, 1876.] 
Paid-up Capital, $200,000. 

Stephen Hyatt, President. Secretary, N. L. Roosevelt. 

Office, No. 176 Broadway. 
Attorney to accept service, Samuel Appleton, Boston. 

Summary of Assets, Dec. 31, 1877. 



Cash value of unencumbered real estate, . 
Loans on mortgage of real estate (first liens *) , 
Interest due or accrued thereon, 
United States bonds, market value, 
Cash in the office of the company, . 

deposited in various banks, 
Premiums in course of collection (gross), 
Premiums more than 3 months due, $636 47 
Gross Assets, 

Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, . 
disputed or resisted, 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., 
Commissions and brokerage, . 
Return premiums, .... 
Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, 
Paid-up Capital, .... 



$18,812 27 

48,250 00 

1,720 32 

125,825 00 

411 32 

3,123 60 

4,145 32 



Impairment of Capital, 



13,671 38 

2,500 00 

500 00 

20,371 79 

500 00 

746 16 

12 00 



$202,287 83 



- 28,301 33 

. $173,986 50 
. 200,000 00 



$26,013 50 



* Value of lands mortgaged, . $45,200 00 

Value of buildings thereon 42,300 00 



Total value of property mortgaged, 
Amount of insurance held as collateral, 



$87,500 00 
41,575 00 



344 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

Income. 

Cash received for fire premiums, . . . $ 44,783 61 
Deduct re-insurance, rebate, and return prem's, 4,452 12 

Net cash received for fire premiums, . . $40,331 49 

Interest received on bonds and mortgages, .... 4,250 68 
and dividends received from all other source?, . 7,802 43 



Gross Cash Income, $52,384 60 



Expenditures. 

Cash paid for fire losses, .... $22,971 81 

Deduct salvage and re-insurance, . . . 3,259 50 

Net cash paid for fire losses, .... $19,712 31 

Cash paid for commissions and brokerage, .... 8,420 94 

paid for salaries of officers and employees, . . . 11,768 31 

paid for State and local taxes, 2,257 00 

paid for office, agency, and incidental expenses, . . 11,373 89 



Gross Cash Expenditures, $53,532 45 



Bisks and Premiums. 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



Premiums. 

$2,687,910 05 $19,212 22 
6,275,314 31 47,642 19 



£8,963,224 36 $66,854 41 
4,035,119 65 25,214 54 



: ,928,104 71 $41,639 87 
312,564 00 1,862 72 



t,615,540 71 $39,777 15 



Miscellaneous. 



Premiums received from organization of company, . . $60,278 98 

Losses paid from organization of company, .... 20,122 27 

Losses incurred during the year, - 24,158 23 

Company's stock owned by directors, . . 63,700 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



345 



NIAGARA FIRE INSURANCE COMPANY, NEW YORK, N Y. 

[Incorporated July, 1850. Commenced business August, 1850.] 
Paid-up Capital, $500,000. 

Henry A. Howe, President. Secretary, Peter Notman. 

Office, No. 201 Broadway. 
Attorney to accept service, Nathaniel Foster, Jun., Belmont. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, . . . $620,000 00 $688,225 00 

New York city bonds, 



Brooklyn city bonds, 7s, 
Jersey city bonds, 7s, 
Alabama State bonds, A, 



200,000 00 

5,000 00 

20,000 00 

10,000 00 



210,120 00 

5,750 00 

22,200 00 

4,200 00 



$855,000 00 $930,495 00 



Securities held as collateral for cash loans : — 



Central R. R. of N J., convt. bonds, 
Lehigh and Wilkesbarre, end. bonds, 
American Dock Company, end. bonds, 
500 shares Dolphin Manufacturing Co. , 
Chesapeake and Ohio R. R. guar, bonds, 
Lehigh and Wilkesbarre end. bonds, 
202 shares Del., Lack, and W. R. R. 
116 " New Jersey Zinc Company, 

15 " Warren Railroad, . 
Buffalo, B. and Pitts. R. R. bonds, 
Central Railroad of New Jersey bonds, 
130 shares Central R. R. of N. J. . 

20 " First Nat'l Bank, Stamford, 
6 « N. Y., N. H. andH. R. R., 
United States bond, $500, 
7 shares Nat'l Bank of Commerce, N. Y. 
Augusta city bond, $1,000, 
12 shares Metropolitan Gas Light Co., 
40 ' ' Lorillard Insurance Company, 



Summary of Assets, Dec. 31, 1877. 
Cash value of unencumbered real estate, . $22,500 00 

Loans on mortgage of real estate (first liens *), 114,950 00 

* Value of lands mortgaged $145,500 00 

Value of buildings tbereon, 110,000 00 



Market value. Loaned thereon. 



$148,800 00 $100,000 00 



70,000 00 50,000 00 



25,050 00 18,500 00 



3,680 00 1,700 00 



4,400 00 2,800 00 



I 1,732 00 
) 

1,500 00 

920 00 


1,300 00 

1,000 00 
600 00 


$256,082 00 


$175,900 00 



Total value of property mortgaged, 
Amount of insurance held as collateral, 

44 



. $255,500 00 
. 96,250 00 



346 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 

deposited in National Park Bank, . 
Interest due and accrued, 
Premiums in course of collection (gross), 
Gross Assets, 



$4,023 00 

930,495 00 

175,900 00 

2,291 00 

23,719 00 

10,069 00 

84,632 00 



L,368,579 00 



Liabilities. 

Losses adjusted and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Dividends to stockholders, unpaid, . 
All other liabilities, .... 

Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, . 
Paid-up Capital, 



$55,804 00 
11,045 00 

340,435 00 

105 00 

10,860 00 



418,249 00 



. $950,330 00 
. 500,000 00 



Surplus over Capital, 



$450,330 00 



Income. 

Cash received for fire premiums, 

Deduct re-ins., rebate, and return prem's, 

Net cash received for fire premiums, . . 

Interest received on bonds and mortgages, 

Interest and dividends received from all other sources, 



29,309 00 
78,682 00 



Gross Cash Income, 



$550,627 00 

8,176 00 

56,902 00 

$615,705 00 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and re-insurance, . 

Net cash paid for fire losses, . 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes, 



$342,506 00 
15,046 00 



paid for office, agency, and incidental expenses, 



$327,460 00 
60,047 00 
89,633 00 
61,238 00 
17,130 00 
74,152 00 



Gross Cash Expenditures, 



29,660 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



347 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 



Risks and Premiums. 

Premiums. 

$62,294,698 00 $646,614 00 
64,192,581 00 635,744 00 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



$126,487,279 00 $1,282,358 00 
59,611,794 00 567,824 00 



$66,875,485 00 $714,534 00 
3,927,947 00 38,733 00 



$62,947,538 00 $675,801 00 



Miscellaneous. 

Premiums received from organization of company, . $10,242,452 00 
Losses paid from organization of company, . . . 5,804,105 00 

Cash dividends declared from organization of company, 1,404,000 00 
Dividends declared during the year (12 per cent.), . . 60,000 00 

Losses incurred during the year, 313,454 00 

Company's stock owned by directors, ..... 221,700 00 



NORTHERN INSURANCE COMPANY, WATERTOWN, N.T. 

[Incorporated March 23, 1872. Commenced business March 23, 1872.] 
Paid-up Capital, $250,000. 

G. Lord, President. Secretary, A. H. Weay. 

[Attorney to accept service, James Goodman, Boston. 



Detailed Statement of Stocks, 



United States 10-40 registered bonds, 
Rome, Watertown and O. Railroad bonds, 
Theresa and Clayton Railroad bonds, 
Keokuk and Des Moines Railroad bonds, 
Utica, Clinton and Binghamton R.R. bonds, 
Carthage, Watertown and S. H. R.R. bonds, 
Manistee city bonds, 10s, 



Securities held as collateral for cash loans: — 

Davis Sewing Machine Company bonds, 

Merchants' Bank stock, 

Watertown Steam Engine Company, 



Bonds, Etc. 

Par value. 

$50,000 00 

14,000 00 

10,000 00 

4,000 00 

1,000 00 

1,000 00 

400 00 



Market value. 

$53,312 50 

14,000 00 

10,000 00 

4,000 00 

^000 00 

1,000 00 

400 00 



,400 00 $83,712 50 



Market value. Loaned thereon. 

$12,000 00 $10,000 00 
6,400 00) 600000 
4,500 00 i 



348 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Jefferson County Bank stock, . 
Mortgage on city property, 
Rome, Watertown and O. Railroad bonds, 
Clayton town bond, . . . 

Hounsfield town bond, .... 



. $5,500 00j 




324 05 C 


$6,045 55 


1,000 00) 




1,730 00 


600 00 


1,000 00 


900 00 


$32,454 05 


$23,545 55 



Summary of Assets, Dec. 31, 1877. 



Cash value of unencumbered real estate, 

Loans on mortgage' of real estate (first liens *) , 

Interest due and accrued thereon, . 

Stocks, bonds, etc., as per schedule, 

Loans on collateral security, as per schedule, 

Cash in the office of the company, . 

deposited in various banks, 
Interest due and accrued, 
Premiums in course of collection (gross), 
Rents due and accrued, .... 
Office property, . . . $2,000 00 
Cash in bankrupt bank, . . . 774 86 
Gross Assets, 



$33,400 00 

169,478 12 

10,220 30 

83,712 50 

23,545 55 

2,452 26 

30,209 80 

441 39 

21,844 13 

177 11 



$375,481 16 



Liabilities. 

Losses adjusted, unpaid, . $2,422 42 

claimed and reported, .... 4,850 00 

disputed or resisted, .... 1,750 00 

Unearned premiums on outstanding risks, . 74,705 67 

State and local taxes, 2,039 07 

Commissions and brokerage, .... 4,368 82 

Gross Liabilities, except Capital, . . 90,135 98 

Surplus as regards Policy-holders, $285,345 18 

Paid-up Capital, 250,000 00 

Surplus over Capital, $35,345 18 

* Value of land mortgaged $264,650 00 

Value of buildings thereon 92,750 00 

Total value of property mortgaged, $357,400 00 

Amount of insurance held as collateral, .... 81,900 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



349 



Income. 
Cash received for fire premiums, . . . $165,137 61 
Deduct re-insurance, rebate, and return prem's, 19,980 61 

Net cash received for fire premiums, . . 

Interest received on bonds and mortgages, .... 
Interest and dividends received from all other sources, . 
Income from rents, $760.85; premium on gold, $421.70; 
commissions, $281.41, . . . . 



Gross Cash Income, 



$145,157 00 
9,538 90 
5,936 80 

1,463 96 

$162,096 66 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and re-insurance, . 

Net cash paid for fire losses, .... 

Cash dividends paid, 

paid for commissions and brokerage, 

paid for salaries of officers and employees, , 

paid for State and local taxes, 

paid for office, agency and incidental expenses, 

Gross Cash Expenditures, .... 



$81,450 09 
1,197 34 



$80,252 75 
10,000 00 
28,373 57 
13,137 99 
4,722 56 
13,654 98 

$150,141 85 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 



Risks and Premiums. 

Premiums. 

$7,204,984 82 $112,229 23 
12,891,328 07 178,893 96 



Total, . . . 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



$20,096,312 89 $291,123 19 
9,927,933 80 140,810 99 



$10,168,379 09 $150,312 20 
222,623 00 4,044 65 



1,945,756 09 $146,267 55 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year, .... 
Losses incurred during the year, ..... 
Company's stock owned by directors, .... 



$863,041 33 
596,656 48 
10,000 00 
10,000 00 
78,641 85 
90,400 00 



350 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



NORTH-WESTERN NATIONAL INSURANCE COMPANY, MIL- 
WAUKEE, WIS. 

[Incorporated Feb. 20, 1869. Commenced business July 1, 1869.] 
Paid-up Capital, $600,000. 

Alexander Mitchell, President. Secretary, John P. McGregor. 

Attorney to accept service, Hammond Vinton, Boston. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, $322,000 00 $353,925 00 

Mil. and St. Paul R.R. bonds. 1st mort., 8s, . 15,000 00 17,700 00 

" " " " " " 7s, . 40,000 00 40,000 00 

Milwaukee city water bonds, .... 150,000 00 165,000 00 

Milwaukee Iron Company's bonds, . . . 20,000 00 10,000 00 



$547,000 00 $586,625 00 



Summary of Assets, Dec. 31, 1877. 
Loans on mortgage of real estate (first liens *), $151,000 00 



Interest accrued thereon, .... 

Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, . 

deposited in Wis. F. and M. Ins.Co.'sB'k, 
Interest due and accrued, .... 

Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
Salvages, ..... $2,153 67 

Board of Trade cert's, . . .455 00 
Due from other companies, . . 275 44 



Gross Assets, 

Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Gross Liabilities, except Capital, 

Surplus, as regards Policy-holders, . 
Paid-up Capital, 



Surplus over Capital, 



1,953 33 

586,625 00 

1,502 16 

84,681 24 

500 00 

23,618 01 

631 50 



2,884 11 



$1,023 79 
14,021 46 

2,000 00 
150,317 59 

4,720 85 



$853,395 35 



172,083 69 

$681,311 66 
600,000 00 

$81,311 66 



* Value of lands mortgaged, . $291,000 00 

Value of buildings thereon 145,500 00 



Total value of property mortgaged, 
Amount of insurance held as collateral, 



$436,500 00 
118,600 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



351 



Income. 

Cash received for fire premiums, . . . $278,752 17 
Deduct re-ins., rebate, and return prem's, . 34,503 95 

Net cash received for fire premiums, . . $244,248 22 

Cash received for marine and inland prem's, . $42,526 74 
Deduct re-insurance, rebate, and return prem's, 722 35 

Net cash received for marine and inl'd prem's, 41,804 39 

Interest received on bonds and mortgages, .... 11,440 00 
Interest and dividends received from all other sources, . 35,312 43 



Gross Cash Income, . . ' $332,805 04 



Expenditures. 

Cash paid for fire losses, $149,772 14 

Deduct salvage and re-insurance, . . . 2,221 23 

Net cash paid for fire losses, . . . 

Cash paid for marine and inland losses, . . $33,386 09 
Deduct salvage and re-insurance, . . . 208 03 

Net cash paid for marine and inland losses, . 

Cash dividends paid, . 

paid for commissions and brokerage, 

paid for salaries of officers and employees, . • 

paid for State and local taxes, ... 



$147,550 91 



paid for office, agency, and incidental expenses, 
Gross Cash Expenditures, .... 



33,178 06 
30,000 00 
43,067 90 
27,332 80 
12,282 64 
26,196 49 

. $319,608 80 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, . . 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 

Marine risks outstanding Dec. 31, 1876, 
written during 1877, . 

Total, 

Deduct risks expired and termined, 



$25,160,229 00 
26,304,251 00 

$51,464,480 00 
25,833,035 00 



Premiums. 

$334,464 55 

278,752 17 

$613,216 72 
317,112 83 



25,631,445 00 

287,850 00 



$296,103 89 
2,035 59 



$25,343,595 00 $294,068 30 



. $153,000 00 
. 5,170,500 00 

$5,323,500 00 
. 5,153,500 00 



$2,300 00 
42,526 74 

$44,826 74 
41,426 74 



In force at end of year, . 



. $170,000 00 



1,400 00 



352 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company 
Dividends declared during the year (5 per cent.), . 
Losses incurred during the year, .... 
Company's stock owned by directors, 



13,029,632 23 

1,747,242 35 

180,000 00 

30,000 00 

171,184 31 

327,600 00 



ORIENT INSURANCE COMPANY, HARTFORD, CONN. 

[Incorporated June, 1867. Commenced business January, 1872.] 

Paid-up Capital, $500,000. 

Selden C. Preston, President. Secretary, Geo. W. Lester. 

Attorney to accept service, John. C. Paige, Boston. 



Detailed Statement of Stocks, 

504 shares American Nat'l Bank, Hartford, 

120 ' 

130 ' 

100 ' 

119 < 

62 ' 

182 ' 

124 ' 

324 < 

100 < 

75 < 

247 ' 

400 < 



' iEtna Nat'l Bank, Hartford, . 
' Charter Oak Nat'l Bank, Hartford 
'■ Farm, and Mech. Nat'l B'k, H'f'd 
' Mercantile Nat'l Bank, Hartford, 
' Phoenix Nat'l Bank, Hartford, 
' Exchange Nat'l Bank, Hartford, 
' City National Bank, Hartford, 
; Hartford Nat'l Bank, Hartford, - 
' Conn. Trust and Safe Dep. Co., H'f'd 
' Metropolitan Nat'l Bank, N. Y., 
• N. Y., N. H., and H. Railroad, 
; Cleveland and Pittsburgh Railroad 
Indiana Central Railroad bonds, 10s, 
Indianap. and Cm. R.R. Co. bonds, 1858, 7s 
Hartford, Prov., and Fishkill R.R. bonds, 7s 
Atlantic Dock Co. bonds, 7s, . 
Ninth School Dist., Windsor, Ct., bonds, $s, 
Fifth School Dist., E. Windsor, Ct., bonds, 7s 
Town of Pawtucket, R. I., bonds, 7s, 
Town of Norwich, Conn., bonds, 7s, 
City of Evansville, Ind., bonds, 7s, 
City of Lockport, N.Y., bonds, 7s, . 
City of Washington, Ind. (School), bonds, 8s 
City of Indianapolis, Ind., bonds, 6s, 
County of Peoria, 111., bonds, 8s, . 
United States bonds (coupon), 1881, 6s, . 



Bonds, Etc. 

Par value. 

$25,200 00 

12,000 00 

13,000 00 

10,000 00 

11,900 00 

6,200 00 

9,100 00 

12,400 00 

32,400 00 

10,000 00 

7,500 00 

24,700 00 

20,000 00 

10,000 00 

11,000 00 

50,000 00 

9,000 00 

3,000 00 

10,000 00 

25,000 00 

60,000 00 

10,000 00 

10,000 00 

15,000 00 

20,000 00 

5,000 00 

10,000 00 



Market value. 

$32,760 00 
15,000 00 
16,900 00 
11,600 00 
13,804 00 

9,548 00 
12,012 00 
11,408 00 
50,544 00 

8,500 00 

9,750 00 
38,038 00 
15,600 00 
11,000 00 

9,900 00 
54,000 00 

9,450 00 

3,300 00 
11,000 00 
28,750 00 
69,000 00 
10,000 00 
11,000 00 
16,500 00 
20,000 00 

5,500 00 
10,987 50 



$142,400 00 $515,851 50 



1877.] 



INS. CO'S. OF OTHER STATES. 



353 



Securities held as collateral for cash loans : — 



5 shares iEtna Nat'l Bank, Hartford, . 



206 

41 

25 

25 

6 

2 

15 

5 

3 

388 



Weed S. M. Co., Hartford, . 

Warren Railroad Co., 

National Fire Ins. Co., Hartford, 

Adams Express Co., 

iEtna Life Ins. Co., Hartford, 

iEtna Fire Ins. Co., Hartford, 

American Nat'l Bank, Hartford, 

Charter Oak Nat'l Bank, Hartford 

First Nat'l Bank, Hartford, . 

Willimantic Linen Co., . 



Market value. Loaned thereon 

$625 00 
2,060 00) 
2,050 00 J 
3,750 00 
2,450 00 
2,400 00 

426 00 >| 

975 00 I 



$300 00 

3,000 00 

600 00 

2,000 00 

1,200 00 



650 00 f 

285 00 J 
27,548 00 



1,880 00 



20,000 00 



$43,219 00 $28,980 00 



Summary of Assets, Dec. 31, 1877. 



Cash value of unencumbered real estate, . 

Loans on mortgage of real estate (first liens *), 

Interest due or accrued thereon, 

Stocks, bonds, etc., as per schedule, 

Loans on collateral security, as per schedule, 

Cash in the office of the company, . 

deposited in American Nat'l Bank, 
Interest due and accrued, 
Premiums in course of collection (net), . 
Gross Assets, 



$26,767 31 

144,800 00 

4,262 37 

515,851 50 

28,980 00 

1,082 76 

18,037 88 

9,911 87 

28,585 32 



$778,279 01 



Liabilities. 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, . 
Paid-up Capital, 



Surplus over Capital, 



Income. 



$9,288 98 
144,937 36 



Cash received for fire premiums, . . . $267,836 01 
Deduct re-insurance, rebate, and return prem's, 25,685 49 

Net cash received for fire premiums, . . 

Interest received on bonds and mortgages, .... 
Interest and dividends received from all other sources, . 

Gross Cash Income, 



154,226 34 

$624,052 67 
500,000 00 

$124,052 67 



$242,150 52 

9,324 88 

38,465 68 



289,941 08 



* Total value of property mortgaged, 
Amount of insurance held as collateral, 

45 



$516,490 00 
173,800 00 



354 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Expenditures. 
Cash paid for fire losses, .... 

dividends paid, ..... 
paid for commissions and brokerage, 
paid for salaries of officers and employees, 
paid for State and local taxes, 
paid for office, agency, and incidental expenses, 



Gross Cash Expenditures, 



$147,058 39 
38,500 00 
30,961 97 
22,064 36 
6,419 57 
22,192 41 

$273,196 70 



Risks and Premiums. 

Premiums. 

Eire risks outstanding Dec. 31, 1876, . $22,723,628 00 $305,894 91 
written during 1877, . . 22,327,996 00 267,836 01 



Total, 

Deduct risks expired and terminated, 

Net amount in force, 



$45,051,624 00 $573,730 92 
22,160,412 00 284,848 28 



$22,891,212 00 $288,882 64 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year, .... 
Losses incurred during the year, . . . .• . 
Company's stock owned by directors, .... 



$2,081,233 60 

1,092,863 59 

240,000 00 

38,500 00 

133,611 64 

56,000 00 



ORIENT MUTUAL INSURANCE COMPANY, NEW TORK, N.Y. 

[Incorporated Feb. 18, 1854. Commenced business March 1, 1854.] 

Eugene Dutilh, President. Secretary, Charles Irving. 

Office, No. 43 Wall Street. 
Attorney to accept service, George E. Foster, Boston. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, $450,000 00 $478,343 75 

West India and Panama Telegraph Co. stock, 5,000 00 4,698 58 

Merchants' Exchange stock, . . . . 1,000 00 1,000 00 
Orient Mut. Insurance Co. scrip, $99,890 00 



$456,000 00 $484,042 33 



1877.] 



INS. CO'S. OF OTHER STATES. 



355 



Summary of Assets, Dec. 31, 1877. 



Cash value of unencumbered real estate, 
Pilot boat secured by policy, . 
Stocks, bonds, etc., as per schedule, 
Cash deposited in various banks, 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
Salvage on losses paid, .... 
Unsettled accounts, .... 
Company's own scrip, . . $99,890 00 
Subscription notes in advance of 
premiums, . . . . 195,218 48 
Gross Assets, 



$249,455 58 

450 00 

484,042 33 

254,729 43 

114,628 23 

99,561 03 

44,100 00 

19,876 46 



,266,843 06 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, 
disputed or resisted, 

Total amount of losses, . 
Less re-insurance, . 

Net amount of unpaid losses, 
Unearned premiums on outstanding risks, 
Unpaid scrip ordered to be redeemed, 
Interest due or accrued on scrip, 
Commission and brokerage, 

Gross Liabilities, except Scrip, 



$73,900 00 

75,000 0.0 

5,000 00 

$153,900 00 
42,115 00 

$111,785 00 

130,707 06 

1,320 00 

9,324 95 

3,020 20 



256,157 21 



Surplus as regards Policy-holders, 
Scrip outstanding, not ordered to be redeemed, 



$1,010,685 85 
. * 931,910 00 



Surplus over Scrip, $78,775 85 



Income. 

Cash received for marine and inland prem's, . 
Deduct re-insurance, rebate, and return prem's, 
Net cash received for marine and inl'd prem's, 
Interest and dividends rec'd from all sources, . 
Income from rents, . . . . 



$803,882 78 
185,561 94 



$618,320 84 

28,936 48 

5,226 87 



Gross Cash Income, $652,484 19. 



*Not including $99,890 held by Company. 



356 



FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Expenditures. 

Cash paid for marine and inland losses, . 

Deduct salvage and re-insurance, . 

Net cash paid for marine and inland losses, 

Interest paid scrip-holders, 

Cash paid for redemption of scrip, . 

paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 

Gross Cash Expenditures, . . . . 
Risks and Premiums. 



$631,765 58 
59,272 16 



$572,493 42 
I 700 80 

28,753 47 

50,614 74 

6,933 31 

12,362 61 

$671,858 35 



Marine risks outstanding Dec. 31, 1876, 
written during 1877, . 

Total, 
Deduct risks expired and terminated, 

In force at end of year, . 



Premiums. 

$16,790,349 00 $195,916 72 
75,900,193 00 755,078 89 



592,690,542 00 $950,995 61 
75,379,729 00 820,288 55 



$17,310,813 00 $130,707 06 



PACIFIC FIRE INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated April 26, 1851. Commenced "business April 29, 1851.] 
Paid-up Capital, $200,000. 

Thomas F. Jeremiah, President. Secretary, William A. Butler. 

Office, No. IflO Broadway. 
Attorney to accept service, Cyrus Brewer, Boston. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, $344,500 00 $383,792 50 



Securities held as collateral for cash loans : — 



40 shares Mechanics' Bank, 

•62 " Marine Bank, .... 

5 " Amity Fire Insurance Company, 
•50 u Brooklyn Trust Company, 
Atlantic Mutual Insurance Company scrip, 
Union Mutual Insurance Company scrip, 
New York Mutual Insurance Co. scrip, . 
Chicago and N. W. 1st mortgage R. R. bonds 
100 shares Pacific Bank, .... 

40 " Stuyvesant Insurance Company, 
100 " American Express Company, 



Market value. Loaned thereon. 

$3,400 (Xf 



4,960 00 

325 00 

1,200 00 

200 00 

264 00 

130 00 

1,080 00 J 

6,500 00 

1,500 00 

5,000 00 



► $10,000 00 



3,500 00 
3,500 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



357 



20 shares Importers and Traders' Bank, 



20 
30 
18 
25 
5 
2 

10 
10 
20 



Chatham Bank, 

Importers and Traders' Ins. Co., 

(( (( u 

Star Fire Insurance Company, 

a a a 

Eighth Avenue Railroad, 
Merchants' Fire Insurance Co., 
People's Insurance Company, 
American Fire Insurance Co., 



$3,800 00) 




500 00 C 


$2,975 00 


1,500 00) 




. 900 00 


600 00 


3,000 00 


2,250 00 


600 00 


450 00 


400 00 


300 00 


800 00 


500 00 


750 00 


400 00 


1,400 00 


1,000 00 



Summary of Assets, Dec 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in Pacific Bank, 
Interest due and accrued, 
Premiums in course of collection (net), . 
Gross Assets, . . . . 

Liabilities. 

Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, 
Paid-up Capital, . . .--••-. 



$38,209 00 $25,475 00 

31, 1877. 

$75,000 00 
202,550 00 

2,639 90 

383,792 50 

25,475 00 

5,775 17 

2,277 73 

2,615 40 

6,149 39 
$706,275 09 



$3,700 00 
77,692 17 



Surplus over Capital, 

Income 

Cash received for fire premiums, . . • $152,728 99 
Deduct re-ins., rebate, and return premiums, . 12,024 27 

Net cash received for fire premiums, . . 

Interest received on bonds and mortgages, .... 
Interest and dividends received from all other sources, . 
Income from rents, . 



81,392 17 

$624,882 92 
200,000 00 

$424,882 92 



$140,704 72 

13,857 96 

22,409 30 

2,599 99 



Gross Cash Income, $179,571 97 



* Value of lands mortgaged, ..." $223,500 00 

Value of buildings thereon 180,000 00 



Total value of property mortgaged . $403,500 00 

Amount of insurance held as collateral, 158,000 00 



358 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Expenditures. 

Cash paid for fire losses, 

Cash dividends paid, ..... 

paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 

Gross Cash Expenditures, 



$61,983 95 
40,000 00 
18,865 14 
25,650 00 
4,514 00 
10,502 94 

$161,516 03 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 



Risks and Premiums. 

Premiums. 

$25,466,118 00 $163,291 24 
28,316,117 00 158,456 17 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 



Net amount in force, 



$53,782,235 00 $321,747 41 
26,929,904 00 157,279 21 



$26,852,331 00 $164,468 20 
208,450 00 1,178 28 



$26,643,881 00 $163,289 92 



Miscellaneous. 



Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (20 per cent.), 

Losses incurred during the year, 

Company's stock owned by directors, . 



$3,027,836 00 
1,328,080 00 

. 898,000 00 
40,000 00 
57,721 00 
46,600 00 



PACIFIC MUTUAL INSURANCE COMPANY, NEW YORK. 

[Incorporated 1854. Commenced business Jan. 10, 1855.] 

Horace J. Moody, President. Secretary, Willoughby Powell. 

Office, No. 119 Broadway. 
Attorney to accept service, Joseph F. Hovey, Boston. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds, 

Dela. and Hudson Canal Co. registered bonds, 
268 shares Dela. and Hudson Canal Company, 

25 " Harlem Bank, . 
100 " American Exchange Nat'l Bank, . 

85 " Bank of North America, 



Par value. Market value. 

$318,000 00 $333,660 00 
10,000 00 9,900 00 



26,800 00 
2,500 00 

10,000 00 
8,500 00 



13,400 00 

625 00 

10,600 00 

6,120 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



359 



50 shares National Bank of Commerce, . 
25 " International Ocean Telegraph Co , 
50 " N.Y. Merch. Exch. and N". Assoc, 
Insurance Scrip, ...... 



Securities held as collateral for cash loans : 

New York Central Railroad bonds, . 

30 shares Union Bank, .... 

32 " Bank of New York, 
United States Life Insurance Company scrip, 
200 shares United States Life Insurance Co., 

40 

35 
100 

30 

38 

88 

25 

30 

50 

20 
115 

20 

20 

20 

10 

10 
475 
100 



85,000 00 $6,100 00 

2,500 00 1,375 00 

1,000 00 900 00 

720 00 650 00 



United States Trust Company, 
Merchants' Bank, . 
Broadway Bank, 

Guardian Fire Insurance Company 
Importers and Traders' Ins. Co., 
Manhattan Company, 
People's Bank, 

Sterling Fire Insurance Company, 
Guardian Fire Insurance Company 
Ridgewood Fire Insurance Co., 
Home Fire Insurance Company, 
Nassau Fire Insurance Company, 
Resolute Fire Insurance Company, 
Continental Fire Insurance Co., 
Lamar Fire Insurance Company, 
Union Ferry Company, . 
Fourth National Bank, . 
Central National Bank, . 
New York City Improvement bonds, 
Erie Railroad 2d mortgage bond, . 



$385,020 00 $383,330 00 



Market value. Loaned thereon. 

$5,150 00 $4,000 00 

1,950 00- 

3,680 00 

3,750 00 
15,000 00 
14,000 00 

2,047 oo y 

5,025 00 

1,950 00 

4,256 00 

5,940 00 

843 75 J 

2,790 00 

3,250 00 

2,060 00 

12,075 00 

1,900 00 

1,000 oo y 

2,600 00 

1,050 00 

1,460 00 
46,550 00 
10,000 00J 

9,450 00 

4,120 00 



3,000 00 
3,000 00 



$161,896 75 $124,500 00 



Summary of Assets, Dec 

Stocks, bonds, etc., as per schedule, 

Loans on collateral security, as per schedule, 

Cash in the office of the company, . 

deposited in various banks, 
Interest due and accrued, 
Premiums in course of collection (net), . 
Notes taken for marine and inland risks, 
Re-insurance and salvage, 
Subscription notes (less $25,686. 14 unused bal 
All other claims, ..... 
Gross Assets, 



)> 



31, 1877. 

$383,330 00 

124,500 00 

1,683 39 

148,671 78 

404 75 

23,944 81 

53,950 47 

37,200 00 

1,892 84 

7,475 97 



$783,054 01 



360 



FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Liabilities. 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Unpaid scrip ordered to be redeemed, 
Interest due or accrued on scrip, 

Accrued for rent, 

Return premiums, 

Gross Liabilities, except Scrip, 

Surplus as regards Policy-holders, . 
Scrip outstanding, not ordered to be redeemed,* 

Impairment of Scrip Reserve, . 



$122,300 00 

81,375 69 

12,710 00 

14,401 32 

2,000 00 

5,088 95 



$237,875 96 

$545,178 05 
584,017 00 

$38,838 95 



Income. 

Cash received for marine and inland prem's, . $671,878 94 
Deduct re-insurance, rebate, and return prem's, 245,107 81 

Net cash received for marine and inl'd prem's, $426,771 13 

Interest and dividends rec'd from all sources, . . . . 31,955 02 



Gross Cash Income, $458,726 15 



Expenditures. 

Cash paid for marine and inland losses, . . $379,224 80 

Deduct salvage and re-insurance, . . . 90,861 13 

Net cash paid for marine and inland losses, 

Interest paid scrip-holders, 

Cash paid for redemption of scrip, . 

paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for office, agency, and incidental expenses, 



Gross Cash Expenditures, 



$288,363 67 
I 40,468 98 

31,612 78 

42,617 49 

8,542 97 

45,304 84 

$456,910 73 



Marine risks outstanding Dec. 31, 1876 
written during 1877, . 



Risks and Premiums. 

Premiums. 

$5,307,151 00 $67,042 87 
88,144,766 00 674,483 81 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



$93,451,917 00 $741,526 68 
87,854,139 00 660,150 99 



$5,597,778 00 $81,375 69 
398,663 00 5,422 72 



$5,199,115 00 $75,952 97 



♦Not including $117,794 held by the Company. 



1877.] 



INS. CO'S. OF OTHER STATES. 



361 



Miscellaneous. 

Premiums received from organization of company, . 
Losses paid from organization of company, 



$15,837,276 51 
. 9,325,524 45 



PAEK FIRE INSURANCE COMPANY, NEW YORK. 

[Incorporated March, 1853. Commenced business March, 1853.] 
Paid-up Capital, $200,000. 

William Jaffray, President. Secretary, William Valentine. 

Office, No. 170 Broadway. 
Attorney to accept service, H. H. Westgate, Melrose. 



Summary of Assets, Dec. 31, 1877. 

United States bonds, market value, . . $319,525 00 

Cash deposited in National Broadway Bank, . 4,849 38 

Interest due and accrued, .... 6,787 50 

Premiums in course of collection (gross), . . 4,445 88 
Premiums more than 3. months due, $671 16 

Gross Assets, 



$335,607 76 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., . 
Commissions and brokerage, . 

Gross Liabilities, except Capital, 



Surplus as regards Policy-holders, 
Paid-up Capital, .... 



$3,850 00 

300 00 

1,000 00 

26,179 43 
750 00 
767 56 



Surplus over Capital, 



32,846 99 

$302,760 77 
200,000 00 

$102,760 77 



Income. 

Cash received for fire premiums, . . . $59,546 84 
Deduct re-insurance, rebate, and return prem's, 5,474 71 

Net cash received for fire premiums, . . $54,072 13 

Interest and dividends received from all sources, . . . 18,750 88 



Gross Cash Income, 
46 



$72,823 01 



362 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

Expenditures. 



Cash paid for fire losses, 

Cash dividends paid, . . . . . 
Cash paid for commissions and brokerage, 

paid for salaries of officers and employees, . 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 



$24,995 96 

40,000 00 

6,721 94 

11,402 10 

41 43 

7,875 54 



Gross Cash Expenditures, . . .... $91,036 97 

Risks and Premiums. 



Fire risks outstanding Dec. 31,1876, 
written during 1877, . 

Total, ..... 
Deduct risks expired and terminated, 

In force at end of year, . . 
Deduct amount re-insured, 

Net amount in force, 



Premiums. 

$9,941,594 65 $60,820 72 
12,654,096 76 57,383 73 



$22,595,691 41 $118,204 45 
13,522,675 14 64,986 06 



1,073,016 27 $53,218 39 
358,250 00 1,015 93 



1,714,766 27 $52,202 46 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, 

Cash dividends declared from organization of company 

Dividends declared during the year (20 per cent.), 

Losses incurred during the year, 

Company's stock owned by directors, 



52,196,288 12 

1,088,924 04 

606,000 00 

40,000 00 

26,507 72 

49,900 00 



PENNSYLVANIA FIRE INSURANCE COMPANY, PHILADELPHIA, 

PA. 

[Incorporated March, 1825. Commenced business April, 1825.] 

Paid-up Capital, $400,000. 

John Devereux, President. Secretary, Wm. G. Crowell. 

Office, No. 510 Walnut Street. 

Attorney to accept service, Geo. E. Foster, Boston. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

Philadelphia, Wil., and Baltimore R.R. stock, $12,500 00 $15,250 00 

Phila., Wil., and Baltimore R.R. loan, 6s, . 10,000 00 10,500 00 

Pennsylvania Railroad loan, 1st mortgage, . 11,000 00 11,550 00 

Philadelphia and Reading Railroad loan, 7s, . 20,000 00 20,000 00 



1877.] 



INS. CO'S. 



Pennsylvania Railroad Consolidated loan, 
Pennsylvania Railroad Navy Yard loan, . 
Delaware Railroad loan, 6s, 
Philadelphia and Erie Railroad loan, 6s,. 
North Pennsylvania Railroad loan, 6s, 
Harrisburg, Mt. Joy, etc., Railroad loan, 6s, 
Lehigh Valley Railroad loan, 6s, 
Elmira and Williamsport Railroad loan, 7s, 
West Jersey Railroad loan, 7s, 
Pennsylvania and N.Y. C. & R. R. loan, 
United Companies of New Jersey loan, 6s, 
Southern Central Railroad loan, 
American Steamship Company loan, 
Lehigh Coal and Navigation Company loan, 
Schuylkill Navigation Company loan, 
Chesapeake and Delaware Canal Co. loan, 
Delaware Division Canal Company loan, 
Phila. and Reading Coal and Iron Co. loan, 
United States loan, 5s, . 
" " " 6s, . 

Philadelphia city warrants, 
Philadelphia city loan, 5s, 
" " " 6s, 

Harrisburg city loan, 6s, . 
St. Louis city loan, 6s, . 
Delaware state loan, 6s, . 
Camden county loan, 6s,. 
Cincinnati city loan, 6s,. 
" " " 7s, . 

Pittsburg city loan, 7s, . 
Newark city loan, 7s, 
130 shares Philadelphia National Bank, 
20 " Manayunk Gas Company, 



$1,069,803 00 $1,086,619 59 
Securities held as collateral for cash loans : — 



STATES. 


303 


. $28,000 00 


$25,700 00 


. 10,000 00 


10,000 00 


. 15,000 00 


15,300 00 


. 25,000 00 


25,750 00 


. 40,000 00 


42,000 00 


. 20,000 00 


20,600 00 


. 55,000 00 


57,090 00 


. 25,000 00 


25,625 00 


. 10,000 00 


9,300 00 


. 24,000 00 


26,640 00 


. 60,000 00 


00,900 00 


. 20,000 00 


20,000 00 


. 15,000 00 


11,100 00 


. 49,000 00 


47,070 00 


. 20,000 00 


14,851 00 


. 10.000 00 


7,300 00 


. 20,000 00 


16,000 00 


. 20,000 00 


12,000 00 


. 145,000 00 


152,250 00 


. 30,000 00 


31,950 00 


. 87,403 00 


87,628 59 


5,500 00 


5,775 00 


. 50,000 00 


56,250 00 


. 18,000 00 


18,000 00 


. 25,000 00 


25,000 00 


. 20,000 00 


21,000 00 


. 15,000 00 


15,300 00 


. 12,000 00 


12,000 00 


. 10,000 00 


10,000 00 


. 38,000 00 


38,000 00 


. 60,000 00 


62,500 00 


. 20,000 00 


22,600 00 


. 13,000 00 


22,780 00 


1,000 00 


1,000 00 



6 shares Ins. Co. State of Pennsylvania, 



Market value. Loaned thereon. 

$1,6S0 00 $1,000 00 



Summary of Assets, Dec. 31, 1877. 
Cash value of unencumbered real estate, . $96,700 00 

Loans on mortgage of real estate (first liens *), 417,007 00 
Interest due or accrued thereon, . . . 15,364 39 
Stocks, bonds, etc., as per schedule, . . 1,086,619 59 



* Total value of property mortgaged, . 
Amount of insurance held as collateral, . 



$1,055,500 00 
262,667 00 



364 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Loans on collateral security, as per schedule, . 
Cash in the office of the company, . 

deposited in Philadelphia National Bank, 
Premiums in course of collection (gross), 

Gross Assets, ...... 

Special deposit in Virginia (net), . 



$1,000 00 

6,235 78 

28,443 66 

73,110 94 



Balance, 



-$1,724,481 36 
. * 7,693 40 

$1,716,787 96 



Liabilities. 

Net amount of unpaid losses, .... $38,000 00 

Unearned premiums on outstanding risks, . 322,021 29 

Reclaimable on perpetual fire policies, . . 397,304 15 

State and local taxes, 2,000 00 

Commissions and brokerage, .... 20,000 00 

Gross Liabilities, except Capital, . . 



Surplus as regards Policy-holders in this State, 



779,325 44 
$937,462 52 



Paid-up Capital, 400,000 00 

Surplus over Capital, 



$537,462 52 



,445 58 
57,589 64 



Income. 

Cash received for fire premiums, 

Deduct re-insurance, rebate, and return prem's, 

Net cash received for fire premiums, 

Interest received on bonds and mortgages, 

Interest and dividends received from all other sources, . 

Income from rents, ...... $250 00 

Perpetual insurance, ..... 218 34 

Deposits received for perpetual fire risks, . $14,533 54 



Gross Cash Income, $625,452 88 



$540,855 94 
25,287 12 
58,841 48 



468 34 



Expenditures. 

Cash paid for fire losses, $292,132 90 

Deduct salvage and re-insurance, . . . 11,703 74 

Net cash paid for fire losses, .... 

Cash dividends paid, . . . . . 

paid for commissions and brokerage, 

paid for salaries of officers and employees, . 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 
Deposits returned on perpetual fire risks, . $9,548 59 



$280,429 16 
40,000 00 
72,975 15 
78,617 92 
14,749 74 
19,595 19 



Gross Cash Expenditures, 



. $506,367 16 



* Deposit in Virginia, for special protection of citizens of 

said State, $20,000 00 

Liabilities in said State 12,306 60 



$7,693 40 



1877.] 



INS. CO'S. OF OTHER STATES. 



365 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, ..... 
Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount re-insured, 

Net amount in force, 
Perpetual risks in force, . 



$45,819,983 00 
51,399,085 00 



$97,219,068 00 
48,874,185 00 



$48,344,883 00 
1,291,019 00 

$47,053,864 00 
$15,988,431 00 



Premiums. 

$658,464 25 
598,445 58 

1,256,909 83 
614,322 12 



$642,587 71 
9,613 25 

$632,974 46 
$420,350 19 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 

Losses incurred during the year, 

Company's stock owned by directors, .... 



$6,741,898 00 
. 4,959,064 00 
. 1,899,000 00 

40,000 00 
. 282,125 00 

39,400 00 



PEOPLE'S INSURANCE COMPANY, NEWARK, N.J. 

[Incorporated March 5, 1866. Commenced business Oct. 11, 1867.] 
Paid-up Capital, $300,000. 

John M. Randall, President. Secretary, J. W. Lindsley. 

Attorney to accept service, Geo. W. Reed, Boston. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, $100,000 00 $106,625 00 

Essex County bonds, . . ... . 9,000 00 9,900 00 



$109,000 00 $116,525 00 



Securities held as collateral for cash loans : — 



Market value. Loaned thereon. 



National State Bank stock, 
American Trust Company stock, 
Newark and Irvington H. R.R. bonds, 
Merchants' National Bank stock, . 
American Trust Company stock, 
Newark City Gas-Light Company stock, 
Merchants' National Bank stock, . 



$3,390 00 


$1,700 00 


4,500 00 


2,600 00 


10,000 00 


5,000 00 


2,125 00 


1,800 00 


750 00 \ 




275 00 C 


1,200 00 


1,900 00 ) 





366 



FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Citizens' Gas-Light Company stock, 
Morris Canal bonds, 
Essex County National Bank stock, 
Newark City Ice Company stock, . 
American Trust Company stock, 
Essex County National Bank stock, 



Summary of Assets, Dec 

Casli value of unencumbered real estate, 

Loans on mortgage of real estate (first liens *) 

Interest due or accrued thereon, 

Stocks, bonds, etc., as per schedule, 

Loans on collateral security, as per schedule, 

Cash in the office of the company, . 

deposited in First National Bank, . 
Interest due and accrued, 
Premiums in course of collection (gross), 
Rents due and accrued, $ 1,600. 00; Re-insur 

ance due, $977.34, .... 
Office furniture, . . . . $2,708 55 
Gross Assets, 



$6,875 00 
2,500 00 
2,500 00 

15,700 00 
3,750 00 
6,250 00 



$4,250 00 
2,000 00 
1,474 69 

20,000 00 



$60,515 00 $40,024 69 

31, 1877. 

$151,545 65 

139,208 00 

5,671 22 

116,525 00 

40,024 69 

10,378 61 

34,364 94 

760 60 

17,337 24 



2,577 34 



$518,393 29 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, . 
disputed or resisted, 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Gross Liabilities, except Capital and Scrip, 



$24,378 24 
3,950 00 
2,500 00 

133,938 38 
1,050 00 



165,816 62 



Surplus as regards Policy-holders, $352,576 67 

Paid-up Capital, $300,000 00 

Scrip outstanding, not ordered to be redeemed, 1,189 30 

Surplus over Capital and Scrip, . . 



301,189 30 



51,387 37 



Income. 

Cash received for fire premiums, . • . $347,559 00 

Deduct re-insurance, rebate, and return prem's, 38,429 14 

Net cash received for fire premiums, . . 



$309,129 86 



* Value of land mortgaged $150,000 00 

Value of buildings thereon 149,300 00 

Total value of property mortgaged $299,300 00 

Amount of insurance held as collateral, .... 141,800 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



367 



Interest received on bonds and mortgages, .... $4,669 11 

Interest and dividends received from all other sources,. . 12,240 09 

Income from rents, etc., 6,956 42 

Received for increased capital, . . . $85,000 00 



Gross Cash Income, 



. $332,995 48 



Expenditures. 



Cash paid for fire losses, . 
Deduct salvage and re-insurance, 
Net cash paid for fire losses, . 
Cash dividends paid, 
Cash paid for redemption of scrip, 

paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 

Gross Cash Expenditures, .... 



. $179,573 72 
7,394 41 



$172,179 31 

20,000 00 

789 70 

65,416 66 

18,194 46 

9,129 57 

4,508 05 

$290,217 75 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 



Risks and Premiums. 

Premiums. 

$18,156,137 00 $224,994 10 
37,166,736 00 336,491 93 



Total, ..... 
Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount re-insured, 

Net amount in force, 



$55,322,873 00 $561,486 03 
31,750,431 00 288,284 58 



$23,572,442 00 $273,201 45 
. 788,138 00 7,523 61 



$22,784,304 00 $265,677 84 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (5 per cent.), . 

Losses incurred during the year, 

Company's stock owned by directors, .... 



,866,542 39 
840,422 71 
161,220 00 
15,000 00 
168,475 94 
139,900 00 



368 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

PEOPLE'S FIRE INSURANCE COMPANY, TRENTON, N.J. 

[Incorporated Feb, 25, 1861. Commenced business Feb. 10, 1865.] 
Paid-up Capital, $300,000. 

Charles Scott, President. Secretary, C. V. C. Murphy. 

Office, No. SO Greene Street. 
Attorney to accept service, Lorenzo Burge, Boston. 

Detailed Statement of Stocks, Bonds, Etc. 



United States bonds, .... 
New Jersey State bonds, . . 

Jersey city bonds, . . . . 
Elizabeth city bonds, .... 
Mechanics' National Bank stock, 
United Railroad and Canal Company stock, 
Central R.R., N.J. stock, 
Pennsylvania Railroad stock, . 



Par value. Market value. 

$103,000 00 $110,083 00 
15,000 00 16,650 00 



25,000 00 
10,000 00 
7,500 00 
40,000 00 
10,000 00 
50,000 00 



27,500 00 
10,000 00 

9,375 00 
48,000 00 

1,300 00 
33,125 00 



$260,500 00 $256,033 00 



Securities held as collateral for cash loans : — 

Assaupink Imp. Company stock, 
Pennsylvania Railroad stock, . . . 
First National Bank stock, .... 



Market value. Loaned thereon. 



$10,000 00 
4,418 00 
6,760 00 



^3,775 00 
9,000 00 



$21,178 00 $12,775 00 



Summary of Assets, Dec. 31, 1877. 

Loans on mortgage of real estate (first liens*), $278,950 00 

Interest due or accrued thereon, . . . 6,861 06 

Stocks, bonds, etc., as per schedule, . . 256,033 00 

Loans on collateral security,as per schedule, . 12,775 00 

Cash deposited in Mechanics' National Bank, . 23,905 94 

Interest due and accrued, .... 1,223 56 

Premiums in course of collection (gross), . 29,619 98 

Gross Assets, ...... 



$609,368 54 



* Value of lands mortgaged, . $335,100 00 

"Value of buildings thereon, • 331,600 00 

Total value of property mortgaged, $666,700 00 

Amount of insurance held as collateral, .... 202,100 00 



1877.] INS. CO'S. OF OTHER STATES. 

Liabilities. 



369 



Losses adjusted, unpaid, 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., . 
Commissions, brokerage, and return prem's, 
Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, . 
Paid-up Capital, 



$17,350 05 
6,033 33 
2,713 05 

120,G89 41 

675 26 

8,226 17 



Surplus over Capital, 



$155,687 27 

$453,681 27 
300,000 00 

$153,681 27 



Income. 

Cash received for fire premiums, . . . $201,597 39 

Deduct re-insurance, rebate, and return prem's, 17,956 42 

Net cash received for fire premiums, 

Interest received on bonds and mortgages, 

Interest and dividends received from all other sources, 

Income from commissions, ...... 



Gross Cash Income, 



$183,640 97 

17,299 90 

16,945 18 

785 65 

$218,671 70 



Expenditures. 

Cash paid for fire losses, .... 

Deduct salvage and re-insurance, 

Net cash paid for fire losses, . 

Cash dividends paid, .... 

paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 

Gross Cash Expenditures, .... 



$113,737 11 
9 13 



$113,727 98 

24,000 00 

42,259 58 

8,383 33 

4,966 61 

9,044 61 

. $202,382 11 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 



Risks and Premiums. 

Premiums. 

$17,979,935 00 $249,952 72 
17,796,189 00 203,510 83 



Total, . .... 
Deduct risks expired and terminated, 

In force at end of year, . 
47 



$35,776,124 00 $453,463 55 
17,118,140 00 210,256 23 



$18,657,984 00 $243,207 32 



370 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Cash dividends declared from organization of company, 
Dividends declared during the year (8 per cent.), 
Losses incurred during the year, . .... 
Company's stock owned by directors, . 



,067,679 93 
412,157 29 
107,000 00 
24,000 00 
127,284 68 
1G9,250 00 



PHENIX INSURANCE COMPANY, BROOKLYN, N.Y. 

[Incorporated Sept. 10, 1853. Commenced business Sept. 10, 1853.] 
Paid-up Capital, $1,000,000. 

Stephen Crowell, President. Secretary, Wm. R. Crowell. 

Office, Nos. 12 and 14 Court Street. 

Attorney to accept service, Sewall A. Faunce, Boston. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. 

United States bonds, $993,700 00 $1 



Tennessee State bonds, 45,000 00 

North Carolina State bonds, . '. . ' . . 10,000 00 

South Carolina State bonds, .... 20,000 00 

Alabama State bonds, . . . . . 10,000 00 

Mississippi State warrants, . . . . 20,000 00 

Virginia State certificates, . . . . 14,772 33 

Kings County bonds, 6s, ... . 11,000 00 

Brooklyn City bonds, . . . . • . . 20,000 00 

Nassau Gas-Light Co. certificates, Brooklyn, . 17,000 00 

800 shares Nassau Gas-Light Co., Brooklyn, . 20,000 00 

300 " New York Mutual Gas-Light Co., . 30,000 00 

People's Gas-Light Co. bonds, Brooklyn, . 57,000 00 

590 shares People's Gas-Light Co., Brooklyn, . 5,900 00 

340 " Brooklyn Gas-Light Company, . 8,500 00 

100 " New York Gas-Light Company, . 10,000 00 

65 " Union Ferry Company, Brooklyn, . 6,500 00 

1250 " Brooklyn City Railroad, . . 12,500 00 

80 " Commercial Bank, Brooklyn, . . 8,000 00 

20 " Merchants' National Bank, N.Y., . 1,000 00 

500 " Metropolitan National Bank, N.Y. , 50,000 00 

300 " American Exch. Nat'l B'k, N.Y., . 30,000 00 

200 " Fourth National Bank, New York, 20,000 00 

75 " Nat'l Bank of the Republic, N.Y.,. 7,500 00 

200 " Central National Bank, New York, 20,000 00 

100 " Shoe and Leather Nat'l B'k, N.Y., 10,000 00 

100 " St. Nicholas National Bank, . . 10,000 00 



Market value. 

,052,981 00 

16,200 00 

1,500 00 

8,000 00 

3,900 00 

20,000 00 

738 61 

12,100 00 

22,050 00 

17,000 00 

17,000 00 

27,600 00 

57,000 00 

2,360 00 

14,450 00 

12,500 00 

9,750 00 

25,000 00 

5,600 00 

1,200 00 

67,500 00 

31,500 00 

20,000 00 

6,750 00 

20,200 00 

12,000 00 

8,000 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



371 



87 shares National Bank of Commerce, N.Y. $8,700 00 $10,614 00 

250 " Mechanics' Bank of Brooklyn, . 12,500 00 23,125 00 

40 " Mechanics' National Bank, N.Y., . 1,000 00 1,350 00 

80 " City Bank of Brooklyn, . . 4,000 00 10,000 00 

Houston and Texas Railroad bonds, . . 3,000 00 3,000 00 



$1,497,572 33 $1,540,968 61 



Securities held as collateral for cash loans : 



20 shares Montauk Fire Ins. Co., Brooklyn, 
10 ' 
40 < 



Market value. Loaned thereon. 

$1,500 00 



Mechanics' Fire Ins. Co., Brooklyn, 
Mechanics' Bank, Brooklyn, . 
8 " Shoe and Leather National Bank, 
10 " New York Economical Printing Co 
60 " Manhattan Fire Ins. Co., N.Y. , 
130 " Union Trust Company, New York 
32 " Shoe and Leather Nat'l B'k, N.Y. 
50 " Lamar Fire Insurance Co., N.Y., 
50 " Fireman's Trust Co., Brooklyn, 
15 " Market National Bank, New York 
People's Gas-Light Company bonds, Brooklyn 
5 shares National Park Bank, New York, 
40 " Long Island Bank, Brooklyn, . 
20 u Montauk Fire Ins. Co., Brooklyn, 
30 " Standard Fire Ins. Co., New York 

7 " Union Ferry Company, Brooklyn, 
Kings County bonds, .... 

8 shares Home Fire Insurance Co., N.Y., 
50 " Hamilton Fire Insurance Co. , N.Y. 
50 " Chicago, Bur., and Quincy R.R. , 
10 " Brooklyn Life Insurance Company 

Knickerbocker Ice Company bonds, 
5 shares American Exchange Fire Ins. Co., 
7 " American Exchange Nat'l Bank, 
280 " Mech. and Traders' Nat'l B'k, N.Y. 
30 " Citizens' Bank, New York, . 
25 " Hanover National Bank, New York 
5 " Norwich and Worcester R.R. Co., 
100 " New York Mutual Gas-Light Co., 
80 " Merchants' Insurance Co., N.Y., 



850 00 
3,700 00 

960 00 j 
1,500 00 
8,400 00 
15,600 00 ) 
3,840 00 [ 
5,400 00 ) 

625 00] 
1,650 00 i 
20,000 00 

510 00 
2,600 00 ] 
1,500 00 j 
1,755 00 
1,050 00 
5,500 00 

920 00 | 
1,275 00 j 
5,000 00 
1,200 00 
2,000 00 

500 00 

735 00 
10,500 00 

750 00) 
2,500 00 [ 

500 00 J 
9,200 00 ] 
6,800 00 i 



r 



$6,175 00 

1,000 00 
5,500 00 

22,000 00 

2,000 00 

14,800 00 
100 00 

2,500 00 

1,200 00 

700 00 

4,000 00 

2,000 00 

4,000 00 
952 22 

1,000 00 
400 00 
635 00 

6,000 00 

3,000 00 
10,000 CO 



$118,820 00 $87,962 22 



372 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Summary of Assets, Dec. 31, 1877. 

Cash value of unencumbered real estate, . $280,000 00 

Loans on mortgage of real estate (first liens*), 250,125 00 



Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 

deposited in various banks, 
Interest due and accrued, 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
Rents due and accrued, . . . $1,737 37 



6,927 53 

1,540,968 61 

87,962 22 

558 31 

f 427,461 04 

7,548 58 

82,706 15 

23,287 74 



Re-insurance due, . 
Salvage on losses paid, 
AVrecking-tug, 
Wrecking-pumps, . 



. 1,438 86 
. 15,030 04 
. 16,250 00 
. 17,000 00 



Gross Assets, .... 
Special deposits in other States (net), 



51,456 27 



42,759,001 45 
. % 127,778 50 



Balance, 



$2,631,222 95 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, . 
disputed or resisted, 
Unearned premiums on outstanding risks, 
Due and accrued for rent, 
Commissions and brokerage, . 

Gross Liabilities, except Capital, 



$5,534 64 
154,774 97 

9,168 50 
789,908 61 

2,000 00 
. 8,003 07 



969,389 79 



Surplus as regards Policy-holders in this State, . $1,661,833 16 
Paid-up Capital, 1,000,000 00 



Surplus over Capital, 



$661,833 16 



* Value of lands mortgaged, . $161,150 00 

Value of buildings thereon 316,100 00 



Total value of property mortgaged, $477,250 00 

Amount of insurance held as collateral 263,150 00 

f Includes $131,683.25 in course of transmission from agents. 

\ Deposits in other States for special protection of citizens of 

said States, $170,000 00 

Liabilities in said States, 42,221 50 



27,778 50 



1877.] 



INS. CO'S. OF OTHER STATES. 



373 



Income. 

Cash received for fire premiums, . . $1,313,706 12 
Deduct re- insurance, rebate, and return prem's, 193,311 33 

Net cash received for fire premiums, . . $1,120,394 79 

Cash received for marine and inland prem's, . $754,305 30 
Deduct re-insurance, rebate, and return prem's, 221,482 27 
Net cash received for marine and inl'd prem's, 



Unpaid premium notes rec'd during the year, . $23,287 74 
Interest received on bonds and mortgages, .... 
Interest and dividends received from all other sources, . 

Income from rents, $2,806 24 

from earnings of wrecking apparatus,. 832 44 

Gross Cash Income, . . . . . $ 



532,823 03 

17,304 03 
97,563 14 



3,638 68 
.,771,723 67 



Expenditures. 

Cash paid for fire losses, . . ... 
Cash paid for marine and inland losses, . 
Deduct salvage and re-insurance, 
Net cash paid for marine and inland losses, 
Cash dividends paid, .... 
Cash paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 
Loss by redemption of United States bonds, etc., . 

Gross Cash Expenditures, .... 

Eisks and Premiums. 



$536,641 20 
213,194 80 



$658,072 41 



323,446 40 
200,000 00 
245,410 52 
148,843 21 

25,702 50 
117,110 94 

11,633 73 



.,730,219 71 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



Premiums. 

$135,409,688 00 $1,356,060 22 
133,585,456 00 1,246,832 57 



$268,995,144 00 $2,602,892 79 
128,383,500 00 1,167,644 22 



$140,611,644 00 $1,435,248 57 
1,309,573 00 14,301 10 



$139,302,071 00 $1,420,947 47 



Marine risks outstanding Dec. 31, 1876, . $5,441,292 00 $34,622 01 
written during 1877, . . 94,976,457 00 777,723 53 



Total, . . . ... . $100,417,749 00 $812,345 54 

Deduct risks expired and terminated, . 90,892,16100 748,259 54 



In force at end of year, 



1,525,588 00 $64,086 00 



374 FIRE, MARINE, AND FIRE-MARINE [Dec. 81, 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, 

Cash dividends declared from organization of company 

Dividends declared daring the year (10 per cent.), 

Losses incurred during the year, ■. 

Company's stock owned by directors, 



24,315,098 63 
12,621,027 41 
. 1,864,000 00 
. 200,000 00 
. 1,016,141 22 
. 181,100 00 



PHCENIX INSURANCE COMPANY, HARTFORD, CONN. 

[Incorporated May, 1854. Commenced business June, 1854.] 
Paid-up Capital, $1,000,000. 

H. Kellogg, President. Secretary, D. W. C. Skilton. 

Office, No. 64 Pearl Street. 
Attorney to accept service, J. Edward Hollis, Boston. 



Detailed Statement of Stocks, Bonds, Etc 

Par value. 

1000 shares Hartford Nat'l Bank, Hartford, $100,000 00 



439 
700 
110 
200 
300 
647 
192 
100 
1000 
260 
250 

75 
180 

50 
100 
190 
400 

50 

75 

350 
500 
250 
200 
200 
United States " Sixes of 1881," 



Far. and Mech. Nat'l B'k, Hf d, 43,900 00 

Mercantile Nat'l B'k, Hartford, . 70,000 00 

Charter Oak Nat'l B k, Hartford', 11,000 00 

City Nat'l Bank, Hartford, . . 20,000 00 

JEtna Nat'l Bank, Hartford, . 30,000 00 

Phoenix Nat'l Bank, Hartford, . 64,700 00 

State Bank, Hartford, . . . 19,200 00 

Connecticut River B'k, Hartford, . 5,000 00 

American Nat'l Bank, Hartford, . 50,000 00 

National Exch. Bank, Hartford, . 13,000 00 

Hartford Trust Co., Hartford, . 25,000 00 

Metropolitan Nat'l Bank, N.Y., . 7,500 00 

Merchants' Exch. Nat'l B'k, N.Y., 9,000 00 

Central Trust Co., N.Y., . . 5,000 00 

Manufac. and Merch. B'k, N.Y., . 2,000 00 

New Britain Nat'l Bank, . . 19,000 00 

Waterbury National Bank, . . 20,000 00 

Imperial Bank, Toronto, Ont., . 5,000 00 
Nat'l Gold B'k and Trust Co., San 

Francisco, 7,500 00 

Holyoke Water-Power Company, . 35,000 00 

New York, N. H., & H. R.R. Co., 50,000 00 

Rensselaer and Saratoga R.R. Co., 25,000 00 

Chicago, R. L, and P. R.R. Co., . 20,000 00 

Chi., Bur., and Quincy R.R. Cor,. 20,000 00 

. 100,000 00 



Market value. 

$153,000 00 

50,485 00 

82,600 00 

14,190 00 

18,200 00 

37,200 00 

98,991 00 

22,080 00 

3,750 00 

65,000 00 

17,160 00 

23,250 00 

10,125 00 

7,650 00 

5,375 00 

1,800 00 

23,750 00 

32,400 00 

5,000 00 

7,500 00 

51,450 00 

79,500 00 

24,500 00 

20,050 00 

20,400 00 

110,000 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



375 



Alabama State 8s, . 

Indiana State 6s, . 

South Carolina, "Old Registered Stock, 

Tennessee State 6s, . ... 

Madison County, Iowa, 8s, 

Hartford City 6s, . 

Detroit City 7s, . ... 

Cincinnati City 7 1 3 qS, ? . 

Cambridge City, Ind., 10s, 

San Francisco 6s and 7s, 

Jacksonville, Ills., 8s, . 

New Britain Water 7s, . 

Atlantic Dock Co. 7s, 

Contra Costa Water Co's 8s, . 

Indianapolis and Cincinnati R.R. 7s, 

Conn. Western R.R. 7s, . 

Connecticut Valley R.R. 7s, . 

Harlem River and P. C. R.R. 7s, . 

Southern Minnesota R.R. 7s, . . 



'6s, 



$50,000 00 
100,000 00 
25,003 70 
26,000 00 
25,000 00 
10,000 00 
50,000 00 
50,000 00 
3,000 00 
48,500 00 
50,000 00 
10,000 00 
50,000 00 
25,000 00 
51,000 00 
20,000 00 
100,000 00 
50,000 00 
50,000 00 



$20,500 00 

102,000 00 

10,001 48 

9,880 00 
25,750 00 
11,000 00 
55,000 00 
54,500 00 

3,000 00 
50,925 00 
52,500 00 
11,000 00 
52,500 00 
25,750 00 
45,900 00 

5,000 00 
60,000 00 
59,000 00 

5,000 00 



,570,303 70 $1,644,612 48 



Securities held as collateral for cash loans : — 



United States registered bonds, 6s, . 

Hartford, Prov., and Fishkill R.R. bonds, 

Indianapolis and Cincinnati R.R. bonds, 
10 shares Hartford Trust Co., 

150 " Mercantile Nat'l Bank, Hartford, 
4 " Phoenix National Bank, Hartford, 
7 " .Etna Life Ins. Co., Hartford, 
9 " Hartford Carpet Co., . 

650 " Middlesex Quarry Co. . 

Additional security by mortgage, $60,000 00 



Market value 

$105,500 00 

7,490 00 

3,600 00 

930 00 

17,700 00 

612 00 

1,750 00 

2,016 00 

58,500 00 



Loaned thereon. 

$100,000 00 

4,325 00 

3,200 00 

155 00 

15,000 00 

l 1,500 00 

513 00 

48,830 00 



$198,098 00 $173,523 00 



Summary of Assets, Dec. 31, 1877. 

Cash value of unencumbered real estate, . . $135,000 00 
Loans on mortgage of real estate (first liens*), 53,000 00 
Interest accrued thereon, .... 1,395 00 

Stocks, bonds, etc., as per schedule, . . 1,644,612 48 
Loans on collateral security, as per schedule, . 173,523 00 



* Value of lands mortgaged, $45,000 00 

Value of buildings thereon 37,000 00 

Total value of property mortgaged, $82,000 00 

Amount of insurance held as collateral, 27,300 00 



376 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Cash in the office of the company, 
deposited in various banks, 
Interest due and accrued, 
Premiums in course of collection (net) , 
Rents due and accrued, . 

Gross Assets, . 
Special deposit in Oregon (net), 

Balance, .... 



$11,163 57 

308,968 88 

2,197 59 

155,450 81 

883 33 



-$2,486,194 66 
. *35,067 44 

$2,451,127 22 



Liabilities. 

Losses adjusted, unpaid, and reported, . . $94,256 46 

disputed or resisted, .... 20,500 00 

Unearned premiums on outstanding risks, . 797,833 62 

Gross Liabilities, except Capital, . . 912,590 08 



Surplus as regards Policy-holders in this State, 
Paid-up Capital, 

Surplus over Capital, 



$1,538,537 14 
1,000,000 00 

. $538,537 14 



Income. 

Cash received for fire premiums, . . $1,407,393 79 
Deduct re-insurance, rebate, and return prem's, 81,838 00 

Net cash received for fire premiums, . . if 

Interest received on bonds and mortgages, .... 
Interest and dividends received from all other sources, . 
Income from rents, 



^,325,555 79 

2,754 17 

109,582 20 

3,938 96 



Gross Cash Income, .... . . . $1,441,831 12 



Expenditures. 

Cash paid for fire losses, ..... 
Cash dividends paid, ..... 

paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 

Gross Cash Expenditures, .... 



$645,340 06 

200,000 00 

212,016 97 

65,195 48 

39,408 60 

115,755 81 

51,277,716 92 



* Deposit in Oregon for special protection of citizens of said State, . $50,000 00 
Liability in said State 14,932 56 



$35,067 44 



1877.] INS. CO'S. OF OTHER STATES. 

Risks and Premiums. 



377 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 



Premiums. 

$107,262,557 00 $1,487,264 81 
105,435,650 00 1,325,555 79 



$212,698,207 00 $2,812,820 60 
93,199,968 00 1,311,176 74 



$119,498,239 00 $1,501,643 86 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Cash dividends declared from organization of company, 
Dividends declared during the year (20 per cent.), 
Losses incurred during the year, ..... 
Company's stock owned by directors, .... 



20,463,940 76 

12,441,173 24 

1,920,000 00 

200,000 00 

656,410 46 

117,800 00 



PROVIDENCE WASHINGTON INSURANCE COMPANY, PROV- 
IDENCE, R.L 

[Incorporated 1799. Commenced business 1799.] 
Paid-up Capital, $400,000. 

J. H. DeWolf, President. Secretary, W. S. Greene. 

Office, No. 20 Market Square. 

Attorney to accept service, Cyrus Brewer, Boston. 



Detailed Statement of Stocks, 

1600 shares Blackstone Canal Nat'lB'k, Prov., 
300 
400 
300 
500 
200 
200 
300 
50 



Nat'l Bank of No. America, Prov., 
American National Bank, Prov , . 
Commercial Nat'l Bank, Prov. , 
Merchants' Nat'l Bank, Prov., 
Mechanics' Nat'l Bank, Prov., 
Weybosset Nat'l Bank, Prov. , 
Nat'l Bank of Commerce, Prov., . 
Nat'l Bank of Commerce, N. Y., . 

Del. and Hudson Canal Co. 1st mort. bonds, . 

Rensselaer and Saratoga R. R. mort. bonds, . 

Chicago city bonds (S. B. Buckner), 

N. Y., Prov., and Boston R. R. bonds, . 

N. Y. Mutual Gas-Light Co. bonds, 

United States currency bonds, 
48 



Bonds, Etc. 

Par value. 

$40,000 00 
15,000 00 
20,000 00 
15,000 00 
25,000 00 
10,000 00 
10,000 00 
15,000 00 
5,000 00 
40,000 00 
12,000 00 
45,000 00 
10,000 00 
30,000 00 
60,000 00 



Market value. 

$36,800 00 
19,500 00 
18,000 00 
13,200 00 
27,000 00 
13,400 00 
11,700 00 
14,100 00 
6,200 00 
40,000 00 
13,S00 00 
45,000 00 
11,500 00 
32,400 00 
71,700 00 



378 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



What Cheer Corporation (real estate), Prov., 
R,. I. Hospital Trust Co., participation acct., 
Providence city notes, . . . . 
50 shares Providence Tool Company, 



$30,000 00 

50,000 00 

30,000 00 

5,000 00 



$30,000 00 

50,000 00 

30,000 00 

6,250 00 



$467,000 00 $490,550 00 



Summary of Assets, Dec. 31, 1877. 

Stocks, bonds, etc., as per schedule, . . $490,550 00 

Cash in the office of the company, ... 5 87 

deposited in various banks, . . . 57,541 87 

Interest due and accrued, . . . . 3,109 00 

Premiums in course of collection (net), . . 21,143 38 

Notes taken for marine and inland risks, . 34,615 25 
Premiums more than 3 months due, $669 90 

Gross Assets, . ... . . $606,965 37 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, . 
disputed or resisted, 

Total amount of losses, 
Less re-insurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Dividends to stockholders unpaid, . 

Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, 
Paid-up Capital, .... 



Surplus over Capital, 



$1,266 02 

76,177 20 

1,050 00 

$78,493 22 
32,540 60 

$45,952 62 

141,011 98 

2,052 80 



189,017 40 



. $417,947 97 
. 400,000 00 



$17,947 97 



Income. 

Cash received for fire premiums, . . . $173,320 20 
Deduct re-insurance, rebate, and return prem's, 27,595 15 

Net cash received for fire premiums, . . ■ — $145,725 05 

Cash received for marine and inland prem's, . $196,340 61 
Deduct re-insurance, rebate, and return pre's, 19,284 65 

Net cash rec'd for marine and inland prem's, . 177,055 96 

Unp'd prem. notes received during year, . . $36,240 65 

Interest and dividends received from all sources, . . . 29,119 03 

Gross Cash Income, . $351,900 04 



1877.] 



INS. CO'S. OF OTHER STATES. 



379 



Expenditures. 

Cash paid for fire losses, $107,067 

Deduct salvage and re-insurance, . . . 1,467 

Net cash paid for fire losses, .... 

Cash paid for marine and inland losses, . . $146,873 
Deduct salvage and re-insurance, . . . 10,496 

Net cash paid for marine and inland losses, . 

Cash dividends paid, ....... 

Cash paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes, .... 

paid for premiums on gold, . . . $1,540 
paid for balance expense account, . . 14,297 

Gross Cash Expenditures, 



75 

42 



$105,600 33 



24 

91 



68 
47 



136,376 33 

27,387 65 

41,996 22 

11,843 00 

5,809 08 

| 15,838 15 



. $344,850 76 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, . . . 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 

Marine risks outstanding Dec. 31, 1876, 
written during 1877, . 

jl oiia!, ..... 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



$14,581,051 00 
20,562,913 00 

$35,143,964 00 
18,122,602 00 

$17,021,362 00 
1,114,081 00 



Premiums. 

$193,750 54 
175,242 61 

$368,993 15 
174,510 24 

$194,482 91 
13,043 63 



$15,907,281 00 $181,439 28 



$937,013 00 

34,007,387 00 

$34,944,400 00 

33,609,250 00 

$1,335,150 00 

149,662 00 



$39,199 91 
204,187 92 

$243,387 83 
188,904 22 

$54,483 61 
1,787 92 



,185,488 00 $52,695 69 



Miscellaneous. 

Dividends declared during the year (7 per cent.), 
Losses incurred during the year, 
Company's stock owned by directors, 



$28,000 00 

260,354 74 

55,600 00 



380 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



RELIEF FIRE INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated September, 1855. Commenced business December, 1855.] 
Paid-up Capital, $200,000. 

James H. Pinkney, President. Secretary, W. E. Crary. 

Office, No. 149 Broadway. 
Attorney to accept service, George W. Babb, Jr., Boston. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, $111,000 00 $117,605 00 



Montgomery city bonds, 5s, . 
Rahway, N.J., city bonds, 7s, 
Port Chester Railroad bonds, . 
New York county bonds, 6s, . 



9,500 00 
10,000 00 

5,000 00 
10,000 00 



6,000 00 
10,000 00 

5,300 00 
10,500 00 



$145,500 00 $149,405 00 



Securities held as collateral for cash loans : — 



66 shares Hanover Fire Insurance Company, 

40 " United States Trust Company, 
United States bonds, .... 
260 shares Hoffman Insurance Company, 
Lehigh and W. Coal Company bonds, 
40 shares People's Fire Insurance Company, 
Rahway, N. J., city bonds, 

61 shares Great Western Insurance Co., 
295 
105 
130 

10 

75 

10 

60 

40 



People's Bank, 

People's Fire Insurance Company, 
Broadway Fire Insurance Co. , 
Greenwich Insurance Company, 
Tradesmen's Bank, 
JEtna Insurance Company, N.Y., 
Irving Bank, .... 
First National Bank, Hoboken, 
Hackensack and New York Ex. Railroad, 
37 shares Hanover Fire Insurance Company, 



60 
10 
25 
20 
25 
40 
26 



Safe Deposit Company, . 
First National Bank, Poughkeepsie 
First National Bank, Jersey City, 
iEtna Insurance Company, N.Y., 
Resolute Insurance Company, . 
Chatham Bank, . 
Mechanics' Banking Association, 



Market value. 

$4,100 00 
12,000 00 
5,500 00 
12,480 00 
1,200 00 
3,000 00 
3,000 00 
2,440 00 
9,000 00 
4,000 00 
6,500 00 

700 00 
3,900 00 

950 00 
3,900 00 
1,000 00 

500 00 
2,300 00 
1,900 00 
1,600 00 
4,000 00 
1,900 00 
1,250 00 
1,300 00 

780 00 



Loaned thereon. 

$1,600 00 
3,500 00 
5,000 00 

9,000 00 

1,850 00 
2,500 00 
1,500 00 
6,000 00 

5,000 00 

300 00 

3,500 00 

3,400 00 

2,950 00 

1,250 00 

3,000 00 

900 00 

2,000 00 
300 00 



$89,200 00 $53,550 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



381 



Summary of Assets, Dec 
Cash value of unencumbered real estate, . 
Loans on mortgage of real estate (first liens *), 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 

deposited in various banks, 
Interest due and accrued, 
Premiums in course of collection (gross), 
Office furniture and fixtures, . . $1,959 42 
Premiums more than 3 mos. due, . 1,522 24 
Gross Assets, 

Liabilities. 

Losses claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks 
Commissions and brokerage, . 

Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, 
Paid-up Capital, .... 



31, 1877. 

$4,500 00 

68,479 31 

2,353 00 

149,405 00 

53,550 00 

180 41 

23,823 80 

2,450 00 

9,094 56 



$313,836 08 



57,263 15 

. $256,572 93 

. 200,000 00 

Surplus over Capital, $56,572 93 

Income. 

Cash received for fire premiums, . . • $133,642 08 
Deduct re-insurance, rebate, and return prems., 21,259 10 

Net cash received for fire premiums, . . $112,382 98 

Interest received on bonds and mortgages, .... 5,297 50 

Interest and dividends received from all other sources, . 15,068 69 

Gross Cash Income, . $132,749 17 



$9,000 00 

500 00 

46,573 15 

1,190 00 



Expenditures. 

Cash paid for fire losses, 

dividends paid, .... 
paid for commissions and brokerage, 
salaries of officers and employees, 
State and local taxes, 
office, agency, and incidental expenses, . 

Gross Cash Expenditures, .... 



$67,303 94 
20,000 00 
11,202 54 
13,300 00 
3,039 46 
13,302 51 

$128,148 45 



* Value of lands mortgaged, . . . . . . . $120,000 00 

Value of buildings thereon, .'.*■.*. . . . 75,000 00 

Total value of property mortgaged $195,000 00 

Amount of insurance held as collateral, . . . . 64,500 00 



382 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



Premiums. 

$15,132,700 00 $95,895 06 
17,860,681 00 133,642 08 



$32,993,381 00 $229,537 14 
17,477,837 00 137,202 59 



$15,515,544 00 $92,334 55 
139,900 00 1,246 65 



$15,375,644 00 $91,087 90 



Miscellaneous. 

Premiums received from organization of company, . $2,944,565 40 
Losses paid from organization of company, .... 1,718,849 23 
Cash dividends declared from organization of company, . 431,000 00 
Dividends declared during the year (10 per cent.), . . 20,000 00 

Losses incurred during the year, 55,429 86 

Company's stock owned by directors, 49,050 00 



RESOLUTE FIRE INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated July 18, 1857. Commenced business July 20, 1857.] 
Paid-up Capital, $200,000. 

John Gihon, President. Secretary, William M. Randall. 

Office, No. 151 Broadway. 
Attorney to accept service, John A. Conkey, Newton. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, ' . ' . . . . $140,500 00 $144,638 12 
Brooklyn city bonds, . . . . 20,000 00 21,200 00 

$160,500 00 $165,838 12 

Summary op Assets, Dec. 31, 1877. 

Loans on mortgage of real estate (first liens *), $12,000 00 

Interest accrued thereon, .... 70 00 

Stocks, bonds, etc., as per schedule, . . 165,838 12 

Cash in the office of the company, . . . 805 76 

deposited in National Park Bank, . . 2,645 42 

* Value of lands mortgaged, $6,000 00 

Value of buildings thereon, . . . . . . . 12,000 00 

Total value of property mortgaged $18,000 00 

Amount of insurance held as collateral, 12,000 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



383 



Interest due and accrued, 

Premiums in course of collection (net), . 

Due for re-insurance, . 

Gross Assets, 



$1,125 00 

6,809 37 

503 52 



1189,797 19 



Liabilities. 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks,* 
Interest due or accrued, . 
Due and accrued for rent, salaries, etc., 
Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, 
Paid-up Capital, .... 



Impairment of Capital, 



Income 



Cash received for fire premiums, 

Deduct re-insurance, rebate, and return prems., 41,450 02 

Net cash received for fire premiums, . . $35,598 87 

Interest received on bonds and mortgages, .... 840 00 

Interest and dividends received from all other sources, . . 11,453 32 



$6,213 70 

9,679 67 

732 84 

1,000 00 



17,626 21 



. $172,170 98 
. 200,000 00 



^27,829 02 



$77,048 89 



Gross Cash Income, 



$47,892 19 



a 



Expenditures. 

Cash paid for fire losses, ... 

Interest paid scrip-holders, 

Cash paid for redemption of scrip, 

paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 

Gross Cash Expenditures, .... 



$59,311 30 
10 98 

5,002 02 

19,048 50 

198 43 

7,695 23 



$91,266 46 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1876, . $7,697,813 00 $76,292 61 
written during 1877, . . 9,166,619 75 83,349 47 



Total, 

Deduct risks expired and terminated, 



$16,864,432 75 $159,642 08 
9,619,335 36 87,587 00 



In force at end of year, all re-ins'd, $7,245,097 39 $72,055 08 



* Amount actually paid for re-insurance deducted. 



384 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

Miscellaneous. 

Premiums received from organization of company, . $2,146,629 19 
Losses paid from organization of company, .... 1,435,794 76 
Cash dividends declared from organization of company, . 273,000 00 

Losses incurred during the year, 60,914 00 

Company's stock owned by directors, 67,600 00 



KIDGEWOOD INSURANCE COMPANY, BROOKLYN, N.Y. 

[Incorporated March 15, 1873. Commenced business March 15, 1873.] 
Paid-up Capital, $200,000. 

William K. Lothrop, President. Secretary, William A. Scott. 

Office, No 26 Court Street. 
Attorney to accept service, Augustus S. Lovett, Boston. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, $130,000 00 $138,150 00 

200 shares Manhattan Company, . . . 10,000 00 14,000 00 

200 " Long Island Bank, . . . 10,000 00 10,000 00 

100 " American Exchange National Bank, 10,000 00 10,600 00 

50 " National Bank of Commerce, . . 5,000 00 6,300 00 



$165,000 00 $179,050 00 

Summary of Assets, Dec. 31, 1877. 

Cash value of unencumbered real estate, . $9,234 74 

Loans on mortgage of real estate (first liens*), 99,000 00 

Interest accrued thereon, .... 2,157 29 

Stocks, bonds, etc., as per schedule, . . 179,050 00 

Cash in the office of the company, . . . 1,286 84 

deposited in Nassau National Bank, • 5,233 84 

Premiums in course of collection (gross), . 7,595 27 

Rents due and accrued, . . . . . 108 33 
Premiums more than 3 months due, $371 01 

Gross Assets, . . . . . . $303,666 31 



* Value of lands mortgaged, $75,000 00 

Value of buildings thereon, 129,500 00 



Total value of property mortgaged $204,500 00 

Amount of insurance held as collateral, .... 99,000 00 



1877.] INS. CCTS. OF OTHER STATES. 

Liabilities. 



Losses adjusted, unpaid, 

claimed and reported, . 
Unearned premiums on outstanding risks 
Due and accrued for rent, salaries, etc., 
Commissions and brokerage, . 
Return premiums, .... 
Gross Liabilities, except Capital, 

Surplus as regard Policy-holders, 
Paid-up Capital, 



Surplus over Capital, 



$4,642 00 

658 00 

35,468 58 

958 33 

1,139 25 

29 23 



385 



[2,895 39 



. $260,770 92 
. 200,000 00 



$60,770 92 



Income. 

Cash received for fire premiums, . . . $74,351 11 
Deduct re-insurance, rebate, and return prem's, 8,984 98 

Net cash received for fire premiums, . . $65,366 13 

Cash received for marine and inland prem's, . $3,352 17 
Deduct re-insurance, rebate, and return prem's, 365 51 

Net cash rec'd for marine and inland prem's, . ■ — 2,986 66 

Interest received on bonds and mortgages, .... 6,693 85 
Interest and dividends received from all other sources, . . 9,325 00 
Income from rents, $766.74 ; profit on securities sold, 
$989.86, .... 1,756 60 

Gross Cash Income, $86,128 24 



Expenditures. 

Cash paid for fire losses, $28,145 47 

Deduct salvage and re-insurance, ... 45 71 

Net cash paid for fire losses, . . . . - $28,099 76 

Cash paid for marine and inland losses, . . . . . 3,066 67 

dividends paid, . 24,000 00 

paid for commissions and brokerage, .... 10,625 46 

paid for salaries of officers and employees, . . . 15,131 82 

paid for State and local taxes, 1,597 36 

paid for interest on borrowed money, $66.01; office, 

agency, and incidental expenses, $10,216.46, . . 10,282 47 

Gross Cash Expenditures, $92,803 54 

49 



386 



FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 



Risks and Premiums. 

Premiums. 

$12,314,355 00 $84,605 72 
11,146,990 00 70,858 28 



Total, ..... 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 

Marine risks outstanding Dec. 31, 1876, 
written during 1877, . 

Total, . . . . 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



23,461,345 00 $155,464 00 
13,706,285 00 87,266 45 



(,755,060 00 
251,500 00 



,197 55 
1,217 42 



59,503,560 00 $66,980 13 

$31,000 00 $1,246 81 
1,365,436 00 3,352 17 



$1,396,436 00 
1,068,220 00 



£4,598 98 
3,259 65 



$328,216 00 $1,339 33 
73,600 00 107 60 



$254,616 00 $1,231 73 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Cash dividends declared from organization of company, 
Dividends declared during the year (12 per cent.), 
Losses incurred during the year, ..... 
Company's stock owned by directors, .... 



$477,176 84 
110,925 23 
92,000 00 
24,000 00 
34,700 82 
43,500 00 



ROCHESTER GERMAN INSURANCE COMPANY, ROCHESTER, NT. 

[Incorporated Feb. 16, 1872. Commenced business Feb. 23, 1872.] 
Paid-up Capital, $200,000. 



Frederick Cook, President. Secretary, Rudolph Yay. 

Attorney to accept service, Uberto C. Crosby, Boston. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, $100,000 00 $106,062 50 

Rochester city bonds, 20,000 00 21,000 00 



$120,000 00 $127,062 50 



1877.] 



INS. CO'S. OF OTHER STATES. 



387 



Summary of Assets, Dec 

Cash value of unencumbered real estate, 

Loans on mortgage of real estate (first liens), 

Interest due thereon, 

Stocks, bonds, etc., as per schedule 

Cash in the office of the company, 

deposited in various banks, 
Interest due and accrued, 
Premiums in course of collection (net), 
Gross Assets, .... 



31, 1877. 

$1,961 14 

142,920 00 

3,223 65 

127,062 50 

1,594 56 

79,721 18 

2,403 85 

10,216 17 



$369,103 05 



Liabilities. 

Losses adjusted, unpaid, .... 

claimed and reported, . 
Unearned premiums on outstanding risks, 
Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, . 
Paid-up Capital, ..... 



$648 00 

2,250 00 

97,004 00 



Surplus over Capital, 



99,902 00 

$269,201 05 
200,000 00 

$69,201 05 



Income. 

Cash received for fire premiums, . . . $204,257 69 
Deduct re-insurance, rebate, and return prem's, 33,144 83 

Net cash received for fire premiums, . . 

Cash received for marine and inland prem's, . $929 00 

Deduct re-insurance, rebate, and return prem's, 70 00 

Net cash received for marine and inland prem's, — 

Interest received on bonds and mortgages, . 
Interest and dividends received from all other sources, . 
Income from rents, . 



$171,112 86, 


859 


00 


8,956 


11 


10,360 


61 


90 


00 



Gross Cash Income, $191,378 58. 



Expenditures. 

Cash paid for fire losses, .... 

Deduct salvage and re-insurance, 

Net cash paid for fire losses, . 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 

Gross Cash Expenditures, • . 



,991 75 
300 00 



$108,691 75 

20,000 00- 

29,255 17 

7,780 00' 

4,672 04 

11,764 56 

$182,163 52 



388 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, . . . . 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 

Marine risks outstanding Dec. 31, 1876, 
written during 1877, . 

Total, . . 
Deduct risks expired and terminated, 

In force at end of year, . 



Premiums. 

$19,445,888 00 $209,182 13 
19,761,346 00 204,257 69 



$39,207,234 00 $413,439 82 
20,744,226 00 222,945 77 



$18,463,008 00 $190,494 05 
6,250 00 62 50 



$18,456,758 00 $190,431 55 

$98,000 00 $1,051 00 
87,600 00 929 00 



$185,600 00 $1,980 00 
98,000 00 1,051 00 



$87,600 00 $929 00 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, 

Cash dividends declared from organization of company, 

Dividends declared during the year (10 per cent.), 

Losses incurred during the year, ... 

Company's stock owned by directors, .... 



$917,204 10 

405,989 31 

67,000 00 

20,000 00 

108,228 25 

38,100 00 



ROGER WILLIAMS INSURANCE COMPANY, PROVIDENCE, R.I. 

[Incorporated May, 1848. Commenced business August, 1848.] 
Paid-up Capital, $200,000. 

J. W. Davenport, President. Secretary, Wm. H. Fredericks. 

Attorney to accept service, Franklin S. Phelps, Boston. 



Detailed Statement of Stocks, 

300 shares Am. National Bank, Providence, 
600 
360 
280 
150 
500 
100 
50 



Blacksto ne Canal National Bank, 
Commercial National Bank, . 
Manufacturers' National Bank, 
Globe National Bank, 
National Bank of Commerce, . 
National Bank of North America, 
Fourth National Bank, .. 



Bonds, Etc. 

Par value. 

$15,000 00 

15,000 00 

18,000 00 

28,000 00 

7,500 00 

25,000 00 

5,000 00 

5,000 00 



Market value. 

$14,250 00 

14,400 00 

15,480 00 

35,280 00 

6,000 00 

23,750 00 

6,200 00 

0,250 00 



1877.] 



INS. COS. OF OTHER STATES. 



389 



100 shares Atlantic National Bank, 

100 " Westminster National Bank, . 

300 " Providence Gas Company, 

120 " N.Y., Prov., and Boston Railroad, 

Maine State bonds, .... 

Missouri State bonds, .... 

Providence City loan, .... 



$5,000 00 
5,000 00 
15,000 00 
12,000 00 
10,000 00 
15,000 00 
20,000 00 



$5,000 00 
5,500 00 
18,000 00 
15,000 00 
10,750 00 
15,425 00 
20,000 00 



$200,500 00 $211,285 00 



Summary of Assets, Dec. 31, 1877. 



Loans on mortgage of real estate (first liens *), 

Interest accrued thereon, 

Stocks, bonds, etc., as per schedule, 

Cash in the office of the company, . 

deposited in Fifth National Bank, 
Interest due and accrued, 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
Gross Assets, 

Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, . 
Unearned premiums on outstanding risks, 
Dividends to stockholders unpaid, . 
Due and accrued for rent, salaries, etc., . 
Commissions and brokerage, . 

Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, . 
Paid-up Capital, 



$75,000 00 

1,886 91 

211,285 00 

4,291 16 

22,391 00 

3,558 60 

56,624 52 

10,022 57 



$22,473 68 

23,964 27 

119,133 79 

135 00 

850 00 

5,914 80 



Surplus over Capital, 



Income. 

Cash received for fire premiums, . . . $187,089 54 

Deduct re-ins., rebate, and return premiums, . 14,545 51 

Net cash received for fire premiums, . . 

Cash received for marine and inland prem's, . $113,517 21 

Deduct re-ins., rebate, and return premiums, . 9,065 76 

Net cash rec'd for marine and inland prem's, . 

Unpaid premium notes rec'd during the year, . $8,144 72 
Interest received on bonds and mortgages, .... 



5,059 76 



172,471 54 

1212,588 22 
200,000 00 

$12,588 22 



$172,544 03 

104,451 45 
5,589 29 



* Value of land mortgaged, . . 
Value of buildings thereon, . 

Total value of property mortgaged, 
Amount of insurance held as collateral, 



$110,000 00 
90,000 00 

$200,000 00 
41,750 00 



390 



FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Interest and dividends received from all other sources, . . $11,940 89 
Income from old debts, ........ 12 84 

Gross Cash Income, $294,538 50 



Expenditures. 

Cash paid for fire losses, . 
Deduct salvage and re-insurance, 
Net cash paid for fire losses, . 
Cash paid for marine and inland losses, 
Deduct salvage and re-insurance, 

Net cash paid for marine and inland losses, . 

Cash dividends paid, 

Cash paid for commissions, brokerage, and expenses, . 

paid for salaries of officers and employees, . 

paid for State and local taxes, . 



$147,398 47 
571 06 

$94,134 01 
1,876 85 



Gross Cash Expenditures, 



$146,827 41 



92,257 16 

3,959 00 

38,238 93 

29,196 50 

6,399 15 

$316,878 15 



Kisks and Premiums. 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 

Marine risks outstanding Dec. 31, 1876, 
written during 1877, . 

Total 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount re-insured, 

Net amount in force, 



$15,011,324 00 
15,040,279 00 

$30,051,603 00 
15,783,788 00 

$14,267,815 00 
45,834 00 



Premiums. 

$226,371 32 
189,111 82 

$415,483 14 
211,522 74 



$203,960 40 
785 44 



$14,221,981 00 $203,174 96 



$718,164 00 

22,164,357 00 

$22,882,521 00 

22,155,362 00 

$727,159 00 

6,000 00 



$26,486 30 
110,009 09 

$136,495 39 
118,062 64 



,432 75 
165 00 



$721,159 00 $18,267 75 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . 
Cash dividends declared from organization of company, 
Dividends declared during the year (2 per cent.), 
Losses incurred during the year, ..... 
Company's stock owned by directors, .... 



$3,213,953 07 

2,296,088 62 

334,000 00 

4,000 00 

247,164 74 

89,550 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



391 



RUTGERS FIRE INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated Oct. 3, 1853. Commenced business Oct. 10, 1853.] 
Paid-up Capital, $200,000. 

Edward B. Fellows, President. Secretary, Joseph W. Dugliss. 

Office, No. 180 Chatham Square. 

Attorney to accept service, Cyrus Brewer, Milton. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, $50,000 00 $51,675 00 

42d and Grand-street Ferry bonds, 7s, . . 6,000 00 6,300 00 



Securities held as collateral for cash loans : — 



Seventh Ward National Bank stock, 
Chatham National Bank stock, 
Tradesmen's National Bank stock, . 
Citizen's National Bank stock, 
Leather Manufacturers' National Bank stock, 
City Fire Insurance Company stock, 
Phenix Insurance Company stock, . 
People's Insurance Company stock, 
Stuyvesant Safe Deposit Company stock, 
Knickerbocker Fire Insurance Company stock 
Manhattan Life Insurance Company, 
People's Gas-Light Company, 
Burlington, Cedar Rapids and N. R.R. bonds 
Manhattan Fire Insurance Company, 
Produce Bank stock, .... 
Ninth National Bank, stock, . 
Germania Bank stock, .... 
Stuyvesant Insurance Company stock, . 
Citizens' National Bank stock, 
American Exchange Insurance Co. stock, 
Germania Bank stock, .... 
Exchange Fire Insurance Company stock, 
Irving Insurance Company stock, . 
Westchester Gas-Light Company stock, . 
Houston, West St., and P. F. R.R. bonds, 

(« u u u u 

New York and Boston Insurance Co. stock, 



$56,000 00 


$57,975 00 


Market value. Loaned thereon. 


$1,350 00 


$1,000 00 


780 00 


600 00 


5,200 00) 




2,625 00 [ 


9,000 00 


, 3,750 00) 




2,450 00" 




2,400 00 




3,250 00 
900 00 


- 10,000 00 


:, 1,000 00 




5,500 00- 




4,800 00 
3, 1,200 00 ^ 


- 5,000 00 


6,000 00 


2,500 00 


400 00 \ 




1,200 00 [ 


2,650 00 


1,575 00 ) 




2,800 00 


1,000 00 


1,050 00 


1,000 00 


550 00 


500 00 


7,000 00 


5,000 00 


1,770 00 


1,200 00 


1,890 00 


1,500 00 


1,000 00 


700 00 


1,500 00 


1,000 00 


500 00 


400 00 


1,000 00 


500 00 



$63,440 00 $43,550 00 



392 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Summary of Assets, Dec. 
Cash value of unencumbered real estate, . 
Loans on mortgage of real estate (first liens *) , 
Interest accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Loans on collateral security as per schedule, 
Cash in the office of the company, . 

deposited in various banks, 
Interest due and accrued, 
Premiums in course of collection (gross), 
Premiums more than 3 months due, $3,400 73 
Gross Assets, . . < . 

Liabilities. 
Losses adjusted, unpaid, .... 
claimed and reported, . 
disputed or resisted, 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., . 
Commissions and brokerage, . 

Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, . 
Paid-up Capital, ..... 



31, 1877. 

$79,500 00 

248,710 00 

4,243 60 

57,975 00 

43,550 00 

214 22 

7,683 57 

1,022 90 

3,184 13 



$1,309 00 

3,615 00 

1,500 00 

34,974 30 

500 00 

400 00 



Surplus over Capital, 

Income. 

Cash received for fire premiums, . . $81,159 43 

Deduct re-insurance, rebate, and return prem's, 6,440 34 

Net cash received for fire premiums, . . 

Interest received on bonds and mortgages, . . . ' . 

and dividends received from all other sources, . 
Income from rents, 



$446,083 42 



42,298 30 

$403,785 12 
200,000 00 

$203,785 12 



$74,719 09 

18,225 83 

5,057 38 

2,357 46 



Gross Cash Income, . $100,359 76 

Expenditures. 

Cash paid for fire losses, . . . . .... $17,985 83 

dividends paid, 40,000 00 

paid for commissions and brokerage, .... 8,297 66 

paid for salaries of officers and employees, . . . 17,331 66 

paid for State and local taxes, . . . . . 5,945 25 

paid for office, agency, and incidental expenses, . . 7,356 56 



Gross Cash Expenditures, 



. $96,916 96 



* Value of lands mortgaged, $390,400 00 

Value of buildings' thereon, 279,600 00 

Total value of property mortgaged, $670,000 00 

Amount of insurance held as collateral, 200,600 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



393 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, . . . . . 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



$14,647,715 00 
16,754,297 00 

$31,402,012 00 
17,174,970 00 

$14,227,042 00 
166,632 00 



Premiums. 

$74,610 74 
81,874 57 

5156,485 31 

86,836 03 

$69,619 28 
1,070 05 



$14,060,410 00 $68,579 23 



MlSCELLANEO US . 

Premiums received from organization of company, . . $1,972,629 71 

Losses paid from organization of company, .... 744,346 05 

Cash dividends declared from organization of company, . 684,000 00 

Dividends declared during the year (20 per cent.), . . 40,000 00 

Losses incurred during the year, . . ....... . 23,021 77 

Company's stock owned by directors, . . ... . 74,600 00 



SAFEGUARD FIRE INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated Jan. 6, 1872. Commenced business Jan. 6, 1872.] 
Paid-up Capital, $200,000. 

Thomas C. Doremus, President. Secretary, James Yereance. 

Office, No. 173 Broadway. 
Attorney to accept service, Peleg E. Eddy, Boston. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, . . . . . $215,000 00 $248,568 00 

New York city stock, . . . . . 45,000 00 48,250 00 

New Brunswick, N. J., bonds, . . . 7,500 00 7,720 00 

Alabama State bonds, ..... 9,700 00 3,977 00 



$277,200 00 $308,515 00 



Securities held as collateral for cash loans : — 



Second National Bank, Jersey City, stock, 
St. Nicholas National Bank, N.Y., stock, 
Chatham National Bank, N.Y., stock, . 
National State Bank (Newark) stock, 
N. Y. Central R.R. debt certificates, 
United States bond, . . 
50 



Market value. Loaned thereon. 



$6,250 00 


$5,000 00 


3,400 00 


3,000 00 


915 00 


600 00 


1,035 00 


900 00 


4,200 00 


3,250 00 


1,177 00 


1,100 00 



394 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Sacramento city bonds, .... 
Hanover Fire Insurance Company stock, 
Commercial Fire Insurance Company stock, 
Great Western Insurance Company stock, 
Westchester Gas-Light Company stock, . 
Brooklyn Gas-Light Company stock, 



Loans on mortgage of real estate (first liens*), 
Stocks, bonds, etc., as per schedu'e, 
Loans on collateral security, as per schedule. 
Cash in the office of the company, . 

deposited in Union Trust Co. Bank, 

Interest due and accrued, 

Premiums in course of collection (gross), 

Salvages on losses paid, .... 

Gross Assets, 

Liabilities. 
Losses adjusted, not due, 

claimed and reported, . 
disputed or resisted, 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., . 
Commissions and brokerage, . 

Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, . 
Paid-up Capital, 



. $1,500 00 


$1,000 00 


1,875 00 


1,200 00 


1,125 00 


600 00 


760 00 


600 00 


935 00 


850 00 


1,700 00 


500 00 


$24,872 00 


$18,600 00 


. 31, 1877. 




1, $31,000 00 




. 308,515 00 




. 18,600 00 




9,515 97 




9,651 12 




1,029 80 




12,777 33 




2,100 00 






$393,189 22 



$444 00 
7,921 00 
5,769 00 
59,196 01 
1,000 00 
1,916 60 



Surplus over Capital, 

Income. 

Cash received for fire premiums, . . . $143,155 29 
Deduct re-insurance, rebate, and return prem's, 9,790 71 

Net cash received for fire premiums, . . 

Cash received for marine and inland prem's, . $1,804 45 
Deduct re-insurance, rebate, and return prem's, 150 00 

Net cash received for marine and inl'd prem's, 

Interest received on bonds and mortgages, .... 
Interest and dividends received from all other sources, . 
Income from rents, 



76,246 61 

$316,942 61 
200,000 00 

$116,942 61 



$133,364 58 



1,654 45 

2,170 00 

18,789 12 

1,995 02 



Gross Cash Income, $157,973 17 



* Value of lands mortgaged, 
Value of buildings thereon, 



$20,000 00 
40,000 00 



Total value of property mortgaged $60,000 00 

Amount of insurance held as collateral, 34,000 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



395 



Expenditures. 

Cash paid for fire losses, $78,411 82 

Deduct salvage and re-insurance, ... 79 54 

Net cash paid for fire losses, .... 

Cash paid for marine and inland losses, . . $2,035 49 
Deduct salvage and re-insurance, ... 18 27 

Net cash paid for marine and inland losses, 
Cash dividends paid, .... 
Cash paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes, .... 

paid for office, agency, and incidental expenses, . 

Gross Cash Expenditures, 



$78,332 28 



2,017 22 
32,000 00 
22,579 08 
17,550 00 

2,554 83 
15,177 74 

$170,211 15 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, . 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 

Marine risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, 

Deduct risks expired and terminated, . 

In force at end of year, 



$17,483,851 00 
22,876,263 00 

$40,360,114 00 

21,688,802 00 

$18,671,312 00 
317,395 00 



Premiums. 

$110,786 62 
149,379 13 

$260,165 75 
144,536 99 



$115,628 76 
2,171 89 



$18,353,917 00 


$113,456 87 


$107,250 00 


$3,668 86 


63,750 00 


1,804 45 



$171,000 00 
121,500 00 



£5,473 31 
3,960 81 



$49,500 00 $1,512 50 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (16 per cent.), 
Losses incurred during the year, ..... 
Company's stock owned by directors, .... 



,572 44 

327,578 79 

118,000 00 

32,000 00 

90,350 80 

97,800 00 



396 



FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



SECURITY INSURANCE COMPANY, NEW HAVEN, CONN. 

[Incorporated March, 1841. Commenced business April, 1841.] 
Paid-up Capital, $200,000. 

Charles Peterson, President. Secretary, Herbert Mason. 

Attorney to accept service, George W. Reed, Boston. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds, 
N.Y., N.H., and H. Railroad stock, 
Shore Line Railroad stock, 
Morris and Essex Railroad stock, . 
Yale National Bank, New Haven, . 
New Haven National Bank, New Haven, 
New Haven County Nat'l Bank, New Haven, 
Merchants' National Bank, New Haven, 
Second National Bank, New Haven, 
Tradesmen's National Bank, New Haven, 
National Bank of Commerce, New York, 
National Bank of the Republic, New York, 
American Exchange National Bank, N.Y., 
Chicago and Alton R.R. income bonds, . 
New Haven and Northampton R.R. conv. b'ds, 
P., P., and Jacksonville R.R. 1st mort. bonds, 
West Wisconsin R.R. 1st mortgage bonds, 
New Haven Water Co. , 1st mortgage bonds, . 



Par value. 

$104,500 00 

20,000 00 

6,100 00 

18,000 00 

10,000 00 

7,900 00 

6,000 00 

6,800 00 

11,200 00 

1,000 00 

5,000 00 

3,800 00 

10,000 00 

16,500 00 

15,000 00 

6,000 00 

3,000 00 

12,500 00 



Market value. 

$110,307 50 

30,650 00 

7,137 00 

13,6S0 00 

10,000 00 

11,455 00 

7,800 00 

6,800 00 

16,210 00 

1,500 00 

6,100 00 

3,382 00 

10,525 00 

17,242 50 

12,750 00 

5,400 00 

1,200 00 

13,125 00 



$263,300 00 $285,294 00 



Securities held as collateral for cash loans: — 

Tradesmen's National Bank stock, . 
Second National Bank stock, . 
Deposit-book New Haven Savings Bank, 



Market value. Loaned thereon. 



$2,250 00 
2,610 00 
2,400 00 



$2,000 00 
2,000 00 
2,000 00 



',260 00 $6,000 00 



Summary of Assets, Dec. 31, 1877. 

Loans on mortgage of real estate (first liens*), $14,900 00 

Interest accrued thereon, .... 94 37 

Stooks, bonds, etc., as per schedule, . . 285,294 00 

Loans on collateral security, as per schedule, . 6,000 00 



* Value of lands mortgaged, . . . . . . . $24,500 00 

Value of buildings thereon 12,000 00 

Total value of property mortgaged, $36,500 00 

Amount of insurance held as collateral, 12,000 00 



1877.] 



INS. CCTS. OF OTHER STATES. 



397 



Cash in the office of the company, . 
deposited in various banks, . 
Interest due and accrued, 
Premiums in course of collection (net), . 
Notes taken for marine and inland risks, 
Salvage on losses paid, . . . $3,284 00 
Non-resident tax due, . . . 353 00 
Gross Assets, ...... 



$107 97 

36,501 96 

1,282 21 

19,703 08 

14,946 36 

3,637 00 



$382,466 95 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, . 
disputed or resisted, 
Unearned premiums on outstanding risks, 
Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, 
Paid-up Capital, ..... 



Surplus over Capital, 



$3,336 97 

21,476 15 

5,500 00 

124,521 80 



154,834 92 

$227,632 03 
200,000 00 

$27,632 03 



Income. 

Cash received for fire premiums, . . . $224,717 03 

Deduct re-ins., rebate, and return premiums, . 39,802 23 

Net cash received for fire premiums, . . 

Cash received for marine and inland prem's, . $119,644 93 

Deduct re-insurance, rebate, and return prem's, 617 50 

Net cash received for marine and inl'd prem's, 

Unpaid premium notes rec'd during the year, 
Interest received on bonds and mortgages, 



$14,946 36 
Interest and dividends received from all other sources, . 



$184,914 80 



119,027 43 

1,081 50 
15,563 73 



Gross Cash Income, $320,587 46 



$93,405 51 
5,134 18 



$118,415 44 



Expenditures. 

Cash paid for fire losses, $128,228 92 

Deduct salvage and re-insurance, . . . 9,813 48 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, 

Deduct salvage and re-insurance, 

Net cash paid for marine and inland losses, . 88,271 33 

Cash dividends paid, 20,000 00 

Cash paid for commissions, brokerage, and expenses, . . 47,887 97 
paid for salaries of officers and employees, . . . 24,088 19 
paid for State and local taxes, 1,998 18 

Gross Cash Expenditures, $300,661 11 



398 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Fire risks outstanding Dec. 31, 1876, 
written during 1877 



Risks and Premiums. 

Premiums. 

$12,759,500 00 $143,279 17 
16,764,701 00 183,238 24 



Total, 
Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount re-insured, 

Net amount in force, 

Marine risks outstanding Dec. 31, 1876, 
written during 1877, . 

Total, ..... 
Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount re-insured, 

Net amount in force, 



$29,524,201 00 $326,517 41 
15,352,297 00 124,176 36 



$14,171,904 00 $202,341 05 
362,428 00 6,221 64 



$13,809,476 00 $196,119 41 

$970,800 00 $31,059 39 
15,224,375 00 113,962 41 



$16,195,175 00 $145,021 80 
15,092,372 00 115,889 88 



,102,803 00 $29,131 92 
22,500 00 617 50 



,080,303 00 $28,514 42 



Miscellaneous. 

Premiums received from organization of company, . $2,035,491 67 
Losses paid from organization of company, . . . 1,366,252 85 

Cash dividends declared from organization of company, . 250,281 00 
Dividends declared during the year (10 per cent.), . . 20,000 00 

Losses incurred during the year, 209,843 20 

Company's stock owned by directors, 25,600 00 



STANDARD FIRE INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated March 26, 1859. Commenced business March 29, 1859.] 
Paid-up Capital, $200,000. 

William Cripps, President. Secretary, William M. St. John. 

Office, No. 62 Liberty Street. 
Attorney to accept service, Timothy T. Sawyer, Jun., Boston. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States registered bonds, . . . $200,000 00 $209,000 00 
District of Columbia bonds, 3.65s, . . . 165,000 00 125,800 00 



$365,000 00 $334,800 00 



1877.] INS. CO'S. OF OTHER STATES. 

Securities held as collateral for cash loans : - 
25 shares Star Fire Insurance Company, 



399 



Market value. Loaned thereon. 

$3,000 00 $2,000 00 



Summary of Assets, Dec. 31, 1877. 



Loans on mortgage of real estate (first liens *), 

Interest due or accrued thereon, 

Stocks, bonds, etc., as per schedule, 

Loans on collateral security, as per schedule, . 

Cash in the office of the company, . 

deposited in the Union Trust Company, 
Interest due and accrued, .... 
Premiums in course of collection (gross), 
Premiums more than 3 months due, $29 75 
Gross Assets, 



$50,500 00 

819 56 

334,800 00 

2,000 00 

403 77 

14,169 11 

11 66 

5,544 39 



-f $408,248 49 



Liabilities. 

Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
Due and accrued for rent, etc., • 
State and local taxes, .... 
Commissions and brokerage, . 

Return premiums, 

Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, . 
Paid-up Capital, . . . 



$195 56 

46,370 32 

589 62 

46 13 

535 19 

467 14 



Surplus over Capital, 



- 48,203 96 

. $360,044 53 

. 200,000 00 

. $160,044 53 



Income. 

Cash received for fire premiums, . . . $97,721 44 
Deduct re-insurance, rebate, and return prem's, 11,216 11 

Net cash received for fire premiums, . . $86,505 33 

Interest received on bonds and mortgages, . . . . 3,185 00 
Interest and dividends received from all other sources, . 18,669 51 

Gross Cash Income, . . $108,359 84 

* Value of lands mortgaged, $51,000 00 

Value of buildings thereon, 50,500 00 

Total value of property mortgaged, $101,500 00 

Amount of insurance held as collateral, 50,500 00 

f Including $18,000 special reserve fund held under " Surplus Law " of New York. 



400 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

Expenditures. 



Cash paid for fire losses, .... 
Deduct salvage and re-insurance, . . 
Net cash paid for fire losses, . 
Cash dividends paid, .... 
paid for commissions and brokerage, 

for salaries of officers and employees, 

for State and local taxes, 

for office, agency, and incidental expenses, 

Gross Cash Expenditures, . . . . • 
Risks and Premiums. 



151,310 04 
180 40 



$51,129 64 
24,710 00 
10,976 47 
21,779 43 
2,135 84 
10,538 35 

$121,269 73 



Eire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, ..... 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



Premiums. 

$13,563,110 77 $105,367 86 
16,058,040 62 96,925 44 



$29,621,151 39. $202,293 30 
16,309,501 07 109,655 47 



$13,311,650 32 $92,637 83 
528,950 00 1,855 59 



$12,782,700 32 $90,782 24 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year, 

Losses incurred during the year, 

Company's stock owned by directors, 



$2,055,715 79 

1,211,490 78 

401,260 00 

24,710 00 

47,954 40 

59,600 00 



STANDARD FIRE INSURANCE COMPANY, TRENTON, N.J. 

[Incorporated Feb. 22, 1868. Commenced business Feb. 22, 1869.] 
Paid-up Capital, $200,000. 

William Dolton, President. Secretary, Jos. B. Wright. 

Attorney to accept service, John C. Paige, Boston. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds, . " . '" 
Albany and Susq. Railroad bonds, . 
New York and Erie Railroad bonds, 
United N.J. R.R. and Canal Co.'s stock, 



Par value. 

$9,000 00 
1,000 00 
6 000 00 

15,000 00 



Market value. 

$10,362 50 

1.080 00 

6,630 00 

18,300 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



401 



Central Pacific Railroad gold bonds, 

37 shares First National Bank, Trenton, 
100 " Mechanics' National Bank, . 
144 " Trenton Banking Company, . 



Securities held as collateral for cash loans 

Washington Market Association stock, . 
Seventh Ward Land Association stock, . 
First National Bank stock, 
Farmers' National Bank (Bristol) stock, 
Rutherford Land Association stock, 
Mechanics' National Bank stock, . 



$5,000 00 
3,700 00 
5,000 00 
7,200 00 



$5,237 50 
4,810 00 
6,500 00 
7,200 00 



$51,900 00 $60,120 00 



Market value. Loaned thereon. 



$1,040 00 
2,000 00 

11,460 00 
6,000 00 
7,200 00 
3,900 00 



$500 00 
2,000 00 
4,840 71 
1,500 00 
4,000 00 
1,000 00 



$31,600 00 $13,840 71 



Summary of Assets, Dec. 31, 1877. 



Cash value of unencumbered real estate, 

Loans on mortgage of real estate (first liens *), 

Interest due or accrued thereon, 

Stocks, bonds, etc., as per schedule, 

Loans on collateral security, as per schedule, 

Cash in the office of the company, . 

deposited in Mechanics' National Bank, 
Interest due and accrued, 
Premiums in course of collection (gross) , 
Notes taken for fire risks, 
Salvage on losses paid, . 

Gross Assets, 



$200 00 

171,104 00 

5,871 11 

60,120 00 

13,840 71 

13,036 58 

7,426 22 

2,093 62 

30,802 83 

130 00 

2,000 00 



$306,625 07 



Liabilities. 

Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, 
Paid-up Capital, .... 



Surplus over Capital, 



$14,513 19 

78,398 89 

5,320 85 



98,232 93 



$208,392 14 
200,000 00 

$8,392 14 



* Value of lands mortgaged, . $168,150 00 

Value of buildings thereon, 199,400 00 

Total value of property mortgaged $367,550 00 

Amount of insurance held as collateral, .... 115,550 00 

51 



402 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

Income. 

Cash received for fire premiums, . . . $172,846 49 
Deduct re-insurance, rebate, and return prem's, 18,920 23 

Net cash received for fire premiums, . . $153,926 26 

Interest received on bonds and mortgages, .... 12,129 10 
Interest and dividends received from all other sources, . 3,801 58 



Gross Cash Income, $169,856 94 



Expenditures. 



Cash paid for fire losses, . 

Deduct salvage and re-insurance, 

Net cash paid for fire losses, .... 

Cash paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes, 



. $116,368 29 
2,188 16 

. $114,180 13 

36,820 98 
5,632 00 



3,260 86 
paid for office, agency, and incidental expenses, . . 10,631 15 



Gross Cash Expenditures, 



. $170,525 12 



Eire risks outstanding Dec. 31, 1876, 
written during 1877, 



Risks and Premiums. 

Premiums. 

$10,616,330 34 $177,084 34 
10,249,572 82 156,283 77 



Total, ..... 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



$20,865,903 16 $333,368 11 
11,076,766 22 171,334 39 



$9,789,136 94 $162,033 72 
165,364 12 6,194 21 



1,623,772 82 $155,839 51 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, 

Cash dividends declared from organization of company, 

Losses incurred during the year, 

Company's stock owned by directors, . 



$577,440 67 

327,869 12 

37,000 00 

107,424 86 

116,850 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



403 



STAR FIRE INSURANCE COMPANY, NEW YORK, N.Y. 

[Incorporated Dec. 1, 18G4. Commenced business Dec. 2, 1864.] 
Paid-up Capital, $200,000. 

Nicholas C. Miller, President. Secretary, James M. Hodges. 

Office, No. 161 Broadway. 
Attorney to accept service, Timothy T. Sawyer, Jun., Boston. 

Securities held as collateral for cash loans: — 



5 shares Park Fire Insurance Company, 
75 " Citizens' Bank, 
10 " Bergen County Bank, 
10 " Dry Goods Bank, . 
10 " Security Bank, 

6 " Park Fire Insurance Company, 
50 " North River Bank, . 
60 " New York Nat'l Exchange Bank, 
12 " Shoe and Leather Bank, . 
40 " Manufacturers and Mechanics' B'k, 
20 " Citizens' Insurance Company, . 
Citizens' Insurance Company scrip, 
10 shares Importers and Traders' Ins. Co., 
25 " Firemen's Fund Insurance Company 
60 " American Insurance Company, 
20 " Rutgers Insurance Company, . 
Allan Hay Company bonds, 
23d Street Railway Company bonds, . . 
131 shares North River Bank, 

50 " Importers and Traders' Ins. Co., 
60 " Bank of the Metropolis, . 

Richmond County bonds, 

Hoboken County bonds, .... 

20 shares Gebhard Insurance Company, . 

United States bond, .... 

186 shares Grocers' Bank, 
50 " Columbia Insurance Company, 

Chicago and North Western Railroad bonds, 

45 shares German American Bank, 

20 " Union Bank, Rahway, 

66 " New Jersey Central Railroad, . 

75 " New Jersey R.R. and Transfer Co. 

25 " New York and New Haven Railroad, 

New Jersey Central Railroad bonds, 

25 shares Lamar Insurance Company, 

Jersey City Water bonds, 



Market value. Loaned thereon. 


$600 00 j 




2,025 00 
1,000 00 3 


- $3,295 50 




100 00 I 230 00 
2§0 00) 


720 00 i 
1,750 00 J 


- 2,000 00 


6,000 00 


4,000 00 


1,440 00 


1,200 00 


656 00^ 




740 00 




200 00 




550 00 
150 00 


r 8,250 00 


4,080 00 




1,750 00 




2,000 00 j 




4,000 00 


3,000 00 


4,585 00 I 
2,750 oo ; 


- 4,500 00 


4,800 00 


4,000 00 


500 00" 

500 00 j 


800 00 


1,300 00] 
309 00 j 


- 1,200 00 


5,580 00 ] 
900 00 j 


- 3,000 00 


6,440 00 


4,500 00 


3,262 50 ^ 




2,000 00 




890 00 
9,750 00 


!■ 16,700 00 


, 2,100 00 




1,800 00- 




2,625 00 


2,000 00 


1,060 00 


900 00 


$79,162 50 


$59,575 50 



404 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Summary of Assets, Dec. 31, 1877. 



Cash value of unencumbered real estate, . 

Loans on mortgage of real estate (first liens *) , 

Interest accrued thereon, 

United States bonds, market value, 

Loans on collateral security, as per schedule, 

Cash in the office of the company, . 

deposited in various banks, 
Interest due and accrued, 
Premiums in course of collection (gross) , 
Rents due and accrued, .... 
Premiums more than 3 months due, $2,218 05 
Gross Assets, 



$16,000 00 

121,100 00 

1,988 00 

181,256 25 

59,575 50 

15,607 00 

6,739 51 

1,842 27 

14,215 00 

100 00 



$418,423 53 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc, 
Commissions and brokerage, . 
Return premiums, .... 
Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, 
Paid-up Capital, .... 

Surplus over Capital, 



Income 

Cash received for fire premiums, . . . $136,162 48 
Deduct re-insurance, rebate, and return prem's, 14,224 70 

Net cash received for fire premiums, . . 

Interest received on bonds and mortgages, .... 
Interest and dividends received from all other sources, . 
Income from rents, ......... 



$10,419 34 

7,746 83 

3,500 00 

65,756 20 

833 33 

779 00 

107 00 



- 89,141 70 

. $329,281 83 

. 200,000 00 

. $129,281 83 



Gross Cash Income, 



$121,937 78 

8,864 15 

15,030 25 

934 95 

$146,767 13 



Expenditures. 

Cash paid for fire losses, .... 
Deduct salvage and re-insurance, 
Net cash paid for fire losses, . 



,322 79 
34 81 



$69,287 98 



* Value of land mortgaged, $103,000 00 

Value of buildings thereon, 155,500 00 

Total value of property mortgaged, $318,500 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



405 



Cash dividends paid, ...... 

Cash paid for commissions and brokerage, 

for salaries of officers and employees, 
for State and local taxes, 
paid for office, agency, and incidental expenses, 

Gross Cash Expenditures, .... 



$35,000 00 

5,129 71 

20,298 83 

5,147 22 

27,586 00 

$162,449 74 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 



Risks and Premiums. 

Premiums. 

$18,323,186 00 $157,705 90 
20,285,582 00 138,559 04 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



$38,608,768 00 $296,264 94 
21,386,907 00 161,129 91 



$17,221,861 00 $135,135 03 
. 546,747 00 4,668 60 



$16,675,114 00 $130,466 43 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (17^ per cent.), 
Losses incurred during the year, ..... 
Company's stock owned by directors, . . . . 



$1,951,933 44 

1,047,459 87 

244,791 77 

35,000 00 

82,427 39 

101,400 00 



STERLING FIRE INSURANCE COMPANY, NEW YORK. 

[Incorporated Jan. 18, 1864. Commenced business Jan. 18, 1864.] 
Paid-up Capital, $200,000. 

Andrew L. Soulard, President. Secretary, John K. Van Rensselaer. 

Office, No. 155 Broadway, New York. 
Attorney to accept service, Edward Stearns, Boston. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, $252,000 00 $267,692 50 

National Bank of Commerce stock, N.Y. . 7,500 00 9,375 00 



$259,500 00 $277,067 50 



406 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

Summary of Assets, Dec. 31, 1877. 
Stocks, bonds, etc., as per schedule, . . $277,067 50 



Cash in the office of the company, . 


1,882 


41 




deposited in various banks, 


1,242 


16 




Premiums in course of collection (gross) , 


4,191 


51 




Premiums more than 3 months due, $547 99 






Gross Assets, 

Liabilities. 






$284,383 58 






Losses adjusted, unpaid, 


. $4,719 


26 




disputed or resisted, 


2,500 


00 




Unearned premiums on outstanding risks, 


22,897 


30 




Dividends to stockholders unpaid, . 


500 


00 




Due and accrued for rent, salaries, etc., . 


833 


34 




Commissions and brokerage, . 


735 


42 




Return premiums, ..... 


14 56 




Gross Liabilities, except Capital, 






32,199 88 






Surplus as regards Policy-holders, . 


$252,183 70 








200,000 00 


Surplus over Capital, 


$52,183 70 



Income. 

Cash received for fire premiums, . . . $48,954 91 
Deduct re-insurance, rebate, and return prem's, 2,321 08 

Net cash received for fire premiums, . . 

Interest and dividends received from all sources, . 



$46,633 83 
16,514 93 



Gross Cash Income, . . . $63,148 76 



Expenditures. 

Cash paid for fire losses, $16,624 33 

Deduct salvage and re-insurance, ... 55 71 

Net cash paid for fire losses, .... $16,568 62 

Cash dividends paid, 19,500 00 

paid for commissions and brokerage, .... 5,579 70 
paid for salaries of officers and employees, . . . 15,040 00 
paid for interest on borrowed money, $56.20; office, 

agency, and incidental expenses, $8,467.34, . . 8,523 54 

Gross Cash Expenditures, $65,211 86 



1877.] INS. CO'S. OF OTHER STATES. 

Risks and Premiums. 



407 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



Premiums. 

$8,636,207 00 $48,806 80 
10,431,663 00 48,965 04 



$19,067,870 00 $97,771 84 
10,311,556 00 51,507 31 



5,756,311 00 $46,264 53 
208,000 00 951 23 



,548,314 00 $45,313 30 



Miscellaneous . 

Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), 
Losses incurred during the year, ..... 
Company's stock owned by directors, .... 



$834,127 76 

351,742 99 

210,000 00 

20,000 00 

20,319 88 

82,800 00 



ST. JOSEPH FIRE AND MARINE INSURANCE COMPANY, 
ST. JOSEPH, MO. 

• [Incorporated Dec. 27, 1867. Commenced business Jan. 1, 1868.] 

Paid-up Capital, $240,000. 

Abbott P. Goff, President. Secretary, James H. Rice. 

Attorney to accept service, Henry N. Baker, Boston. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

Missouri State bonds, 6s, ... . $10,000 00 $10,400 00 

Doniphan county bonds (Kan.), . . . 56,500 00 39,550 00 

Hanover township bonds (Kan.), . . . 20,000 00 14,000 00 

Troy district school bonds (Kan.), . . . 2,300 00 2,300 00 

Brown county bonds (Kan.), . . . . 35,500 00 24,850 00 

Falls City school bonds (Neb.), . . . 20,000 00 18,000 00 

Buchanan county court-house warrants (Mo.), 7,000 00 7,000 00 

" " ' bonds, 10s, .... 4,500 00 2,250 00 

St. Joseph city bonds, 10s, .... 14,60000 13,87000 

" " 7s, ... 32,000 00 22,400 00 

" " 6s, ... . 33,650 00 26,672 50 

Buchanan Bank (St. Joseph) stock, . . 750 00 750 00 



$236,800 00 $182,042 50 



408 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Securities held as collateral for cash loans : — 



Fairbury precinct (Jeff, county, Neb.) bonds, 
64 shares Pacific Hotel Company, St. Joseph, 
15 " Calhoun Savings Bank, St. Joseph, 
50 " Merchants' Insurance Company, 
Marshall county (Kan.) bonds, 10s, 
10 shares Pacific Hotel Company, St. Joseph, 
United States bonds, .... 
60 shares Merchants' Insurance Co., St. Joseph 
Marshall county (Kan.) bonds, 7s, . 
St. Joseph city bonds, 6s, 
Loan to city of St. Joseph (secured), 
82 shares Calhoun Savings Bank, St. Joserjh, 
165 " Merchants' Ins. Co., St. Joseph, 



Market value. Loaned thereon. 


$7,650 00 


$6,000 00 


5,760 00 


5,000 00 


1,500 00 > 
3,750 00 > 


3,000 00 


1,000 00 


850 00 


900 00 


717 50 


330 00) 
i, 4,500 00 j 


3,000 00 


1,500 00 


1,300 00 


1,600 00 


1,000 00 


10,000 00 


10,000 00 


' I 17,900 00 


10,000 00 



,390 00 $40,867 50 



Summary of Assets, Dec. 31, 1877. 

Cash value of unencumbered real estate, . $23,993 28 

Loans on mortgage of real estate (first liens *), 100,309 38 

Stocks, bonds, etc., as per schedule, . . 182,042 50 

Loans on collateral security, as per schedule, 40,867 50 

Cash deposited in various banks, . . . 52,533 54 

Interest due and accrued, .... 14,752 24 

Premiums in course of collection (gross), . 28,262 47 

Gross Assets, $442,760 91 



Liabilities. 
Losses adjusted, unpaid, .... 
Unearned premiums on outstanding risks, 
Dividends to stockholders unpaid, . 
State and local taxes, .... 
Commissions and brokerage, . 

Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, . 
Paid-up Capital, . . . . 



$11,948 28 

79,118 12 

324 50 

4,500 25 

3,480 21 



Surplus over Capital, 



99,371 36 

$343,389 55 
240,000 00 

$103,389 55 



Income. 

Cash received for fire premiums, . .. . $221,124 19 

Deduct re-insurance, rebate, and return prem's, 44,725 31 

Net cash received for fire premiums, . . 



$176,398 88 



* Total value of property mortgaged $257,300 00 

Amount of insurance held as collateral, 87,380 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



409 



Interest and dividends received from all sources, . . . $33,805 74 
Income from rents, ..... $1,972 04 

from commissions, .... 1,397 97 

3,370 01 



Gross Cash Income, $213,634 63 



Expenditures. 

Cash paid for fire losses, 

Deduct salvage and re-insurance, . 

Net cash paid for fire losses, .... 

Cash dividends paid, 

paid for commissions and brokerage, 
paid for salaries of officers and employees, 
paid for State and local taxes, 
paid for office and incidental expenses, . 



$85,417 41 
1,776 72 



Gross Cash Expenditures, 



$83,640 69 

25,200 00 

35,480 20 

13,443 00 

8,605 91 

4,007 10 

$170,376 90 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 



Risks and Premiums. 

Premiums. 

$9,920,332 00 $155,468 77 
14,410,298 00 221,124 19 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



$24,330,630 00 $376,592 96 
13,747,851 00 216,538 20 



$10,582,779 00 $160,054 76 
203,985 00 2,535 57 



$10,378,794 00 $157,519 19 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year, .... 

Losses incurred during the year, . . . . . 
Company's stock owned by directors, .... 
52 



$1,347,576 43 

638,551 85 

131,200 00 

20,000 00 

87,892 08 

62,520 00 



410 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

ST. NICHOLAS INSURANCE COMPANY, NEW YORK. 

[Incorporated July 31, 1852. Commenced business July 31, 1852.] 
Paid-up Capital, $200,000. 

William Winslow, President. Secretary, J. Du Bois. 

Office, No. 166 Broadway. 
Attorney to accept service, Edward A. Long, Boston. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, $178,000 00 $190,505 00 

New York County bonds, . . . . 8,700 00 9,222 00 



$186,700 00 $199,727 00 



Summary of Assets, Dec. 31, 1877. 

Loans on mortgage of real estate (first liens *), $63,750 00 

1,776 00 

199,727 00 

1,848 28 

5,265 84 

37 00 

12,650 00 



Interest accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, . 
deposited in various banks, . 
Interest due and accrued, 
Premiums in course of collection (gross), 
Rents due and accrued, . . . $16 67 
Re-insurance due, .... 4,307 60 



Premiums more than 3 months due, 
Gross Assets, . . . . 



.,399 51 



4,324 27 



$289,378 39 



Liabilities. 

Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., 
Commissions and brokerage, . 

Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, 
Paid-up Capital, .... 



Surplus over Capital, 



$13,554 62 

58,766 01 

533 34 

1,265 00 



74,118 97 



. $215,259 42 
. 200,000 00 



$15,259 42 



* Value of lands mortgaged, 
Value of buildings thereon, 



Total value of property mortgaged, 
Amount of insurance held as collateral, 



$79,600 00 
44,000 00 

$123,600 00 
46,000 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



411 



Income. 

Cash received for fire premiums, . . . $134,867 40 
Deduct re-insurance, rebate, and return prem's, 7,615 71 

Net cash received for fire premiums, . . $127,251 69 

Interest received on bonds and mortgages, .... 3,762 50 

Interest and dividends received from all other sources, . 12,321 76 

Income from rents, ......... 123 00 



Gross Cash Income, $143,458 95 



Expenditures. 

Cash paid for fire losses, ..... 

dividends paid, 

paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 

Gross Cash Expenditures, .... 



$97,716 84 
20,000 00 
23,553 32 
17,370 00 
1,444 15 
13,526 95 

$173,611 26 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, . > . 

Net amount in force, • 



Premiums. 

$18,344,617 00 $125,815 85 
25,122,014 00 134,867 40 



$43,466,631 00 $260,683 25 
22,468,604 00 144,119 63 



$20,998,027 00 $116,563 62 
82,000 00 • 528 01 



$20,916,027 00 $116,035 61 



Miscellaneous. 

Premiums received from organization of company, . . $2,331,330 47 
Losses paid from organization of company, . . . 1,344,452 03 

Cash dividends declared from organization of company, . 236,500 00 
Dividends declared during the year (10 per cent.), . . 20,000 00 

Losses incurred during the year, 102,362 77 

Company's stock owned by directors, 102,850 00 



412 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



ST. PAUL FIRE AND MARINE INSURANCE COMPANY, 
ST. PAUL, MINN. 

[Incorporated May, 1865. Commenced business May, 1865.] 
Paid-up Capital, $400,000. 

C. H. Bigelow, President. Secretary, C. A. Eaton. 

Office, Corner Third and Jackson Streets. 

Attorney to accept service, George O. Carpenter, Boston. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

200 shares First National Bank, St. Paul, . $20,000 00 $28,000 00 

120 " Merchants' Nat'l Bank, St. Paul, . 12,000 00 13,540 00 

36 " First National Bank, St. Peter, . 3,600 00 4,140 00 

351 " St. Paul and S. C. R.R. Pref. 8s, . 36,554 94 36,554 94 

St. Paul and S. C. R.R. Land Contracts, . 1,788 75 1,788 75 

168 shares St. Paul Warehouse and Ele. Co., 8,800 00 8,800 00 

St. Paul Warehouse and Ele. Co. bonds, . 8,000 00 8,000 00 

St. Paul city bonds, . . . . . 90 34 90 34 

Minneapolis city bonds, 1,500 00 1,500 00 

Stillwater city bonds, 10,000 00 10,000 00 

Mankato city bonds, 8,500 00 8,500 00 

Detroit town bonds, . . . . . 4,000 00 4,000 00 

Rock County bonds, 24,000 00 24,000 00 

Cass County bonds, . . . . 7,400 00 7,400 00 

Aitken County bonds, . . .-",-. . 3,200 00 3,200 00 

Becker County bonds, 1,860 00 1,860 00 

Pine County bonds, . . . . . 7,757 00 7,757 00 

Ramsey County bonds, 1,000 00 1,000 00 

Otter Tail County School District bonds, . 1,000 00 1,000 00 

St. Cloud School District bonds, ... 100 00 100 00 



$161,151 03 $171,231 03 



Securities held as collateral for cash loans : — ■ 



645 shares First National Bank, St. Paul, 

100 < 

90 « 

37^ < 

45 < 

80 « 

50 < 

15 < 

2447 < 

40 < 



Second National Bank, St. Paul, 
Merchants' Nat'l Bank, St. Paul, 
Savings Bank, St. Paul, 
First National Bank, Red Wing, 
First National Bank, Stillwater, 
Lumberman's Nat'l B'k, Stillwater, 
State Bank, Minneapolis, 
St. Paul and S. C. R.R. Land, 
St. Paul and S. C. R.R. pref. 
St Paul, S. and T. F. R.R. bonds, 
1399 shares St. Paul Harvester Works, . 



Market value. 

$90,300 00 

18,000 00 

10,080 00 

3,750 00 

5,625 00 

9,600 00 

6,000 00 

1,500 00 

146,820 00 

4,000 00 

9,400 00 

76,945 00 



Loaned thereon. 

$59,784 00 

11,920 00 

8,438 00 

2,233 71 

3,535 00 

8,000 00 

5,000 00 

1,399 00 

99,652 03 

3,000 00 

6,000 00 

60,905 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



413 



GO shares St. Paul Plow Works, . . . $2,250 00 $1,500 00 

18 " St. Paul Manufacturing Company, 075 00 000 00 

5 " St. Paul Warehouse and Ele. bonds, 500 00 414 60 

1000 " St. Paul Pioneer Press Company, . 37,500 00 12,02102 

11 G " Seymour, Sabin, & Co. Mfg. Co., 5,800 00 4,700 00 

100 " Mankato Linseed Oil Company, . 3,750 00 1,800 62 

100 " Stillwater Gas-Light Company, . 2,500 00 1,500 00 

Aitken County bond, 500 00 400 00 

American Express Company stock, . . 240 00 200 00 



Summary of Assets, Dec 

Cash value of unencumbered real estate, 

Loans on mortgage of real estate (first liens *) 

Interest due or accrued thereon, 

Stocks, bonds, etc., as per schedule, 

Loans on collateral security, as per schedule, 

Cash in the office of the company, . 

deposited in various banks, 
Interest due and accrued, 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
Salvage on losses paid, .... 
Rents due and accrued, .... 
Gross Assets,f 

Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, 
Paid-up Capital, .... 

Surplus over Oapital, 



$435,735 00 $293,603 88 

31, 1877. 

$110,814 45 

117,981 33 

4,610 65 

171,231 03 

293,603 88 

2,795 32 

51,844 15 

18,018 67 

68,315 25 

7,429 15 

10,332 49 

1,080 05 

$858,056 42 



$3,566 26 

9,164 24 

4,250 00 

280,905 66 

7,994 18 



305,880 34 



2,176 08 
400,000 00 

:152,176 08 



* Value of lands mortgaged, $142, S00 00 

Value of buildings thereon, 98,500 00 

Total value of property mortgaged, $241,300 00 

Amount of insurance held as collateral, .... 67,350 00 

f The company holds, also, instalment premium notes to the amount of $118,849.45, which 
do not enter into nor foi'm any part of the assets of the company, as no portion of them is 
earned : whatever value might be attached to them would necessarily be counterbalanced by 
the addition of an exactly equal amount to the re-insurance liability, the entire sum consisting 
of " unearned premiums." 



414 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

Income. 

Cash received for fire premiums, . . . $492,467 09 
Deduct re-insurance, rebate, and return prem's, 56,370 50 

Net cash received for fire premiums, . . $436,096 59 

Cash received for marine and inland prem's, . $148,731 26 
Deduct re-insurance, rebate, and return prems, j 10,624 63 

Net cash received for marine and inland prem's, 

Unpaid premium notes rec'd during the year, . $7,429.15 
Interest received on bonds and mortgages, .... 



Interest and dividends received from all other sources, . 
Income from rents, ....... 



138,106 63 

10,495 02 

53,693 37 

5,778 45 



Gross Cash Income, $644,170 06 



Expenditures. 

Cash paid for fire losses, . . . . . $334,911 58 
Deduct salvage and re-insurance, . . . 3,170 80 

Net cash paid for fire losses, .... $331,740 78 

Cash paid for marine and inland losses, . . $168,119 83 
Deduct salvage and re-insurance, . . . 10,804 26 

Net cash paid for marine and inland losses, . 157,315 57 

Cash dividends paid, 66,696 47 

paid for commissions and brokerage, . . . . 83,962 50 
paid for salaries of officers and employees, . . . 32,320 91 

paid for State and local taxes, 15,901 14 

paid for office, agency, and incidental expenses, . . 34,986 42 



Gross Cash Expenditures, 



. $722,923 79 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 



Risks and Premiums. 

Premiums. 

$33,309,948 00 $522,852 58 
34,380,566 00 492,467 09 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 

Marine risks outstanding Dec. 31, 1876, 
written during 1877, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 



$67,690,514 00 $1,015,319 67 
31,883,991 00 461,088 54 



$35,806,523 00 .$554,231 13 
560,677 00 10,927 06 



$35,245,846 00 $543,304 07 

$545,918 00 $8,273 74 
21,645,706 85 148,731 26 



$22,191,624 85 $157,005 00 
21,993,084 85 149,039 00 



$198,540 00 $7,966 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



41 



o 



Miscellaneous. 

Premiums received from organization of company, . $3,390,298 98 
Losses paid from organization of company, . . . 2,193,946 08 

£ash dividends declared from organization of company, . 366,696 47 
Dividends declared during the year, ..... 66,696 47 

Losses incurred during the year, 461,431 83 

Company's stock owned by directors, 195,300 00 



TOLEDO FIRE AND MARINE INSURANCE COMPANY, TOLEDO, 

OHIO. 

[Incorporated Feb. 2, 1848. Commenced business April 1, 1848.] 

Paid-up Capital, $200,000. 

V. H. Ketcham, President. Secretary, F. B. Dodge. 

Attorney to accept service, Milton Clark, Boston. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. 

$1,000 00 
1,000 00 
8,100 00 



United States bonds, 

Fulton County (O.) bonds, 

First National Bank stock, Toledo, 



Market value. 

$1,100 00 

1,000 00 

11,340 00 



$10,100 00 $13,440 00 



Securities held as collateral for cash loans : 







Market value. Loaned thereon. 


5 shares First National Bank, Toledo, . 


$700 00 


$650 00 


25 < 


' Merchants' Nat'l Bank, Toledo, 


2,750 00 


2,000 00 


10 ' 


' Toledo Savings Bank, 


1,100 00 


1,000 00 


213 ' 


' Toledo and Wabash Elev. Co., 


21,300 00 


7,100 00 


212 « 


i U il a 


21,200 00 


7,150 00 


25 ' 


I il c< u 


2,500 00 


1,825 00 


35 < 


i u a a 


3,500 00 


3,100 00 


20 ' 


1 Toledo G. L. and Coke Co., . 


2,000 00 


1,650 00 


20 < 


' Toledo Masonic Temple, 


3,000 00 


1,900 36 


30 ' 


' Milburn "Wagon Co., 


3,000 00 


2,000 00 



$61,050 00 $28,375 36 



Summary of Assets, Dec. 31, 1877. 

Loans on mortgage of real estate (first liens *), $103,800 00 
Interest accrued thereon, .... 5,961 QQ 



* Value of lands mortgaged, . . . . ' . . . $176,500 00 

Value of buildings thereon, 86,000 00 

Total value of property mortgaged, $262,500 00 

Amount of insurance held as collateral, .... 34,750 00 



416 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Stocks, bonds, etc., as per schedule, 

Loans on collateral security, as per schedule, 

Cash in the office of the company, . 

deposited in First National Bank, . 
Interest due and accrued, 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
Re-insurance due from other companies, 
Salvage on losses paid, .... 
Gross Assets, 

Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, . 
Paid-up Capital, .... 



Surplus over Capital, 



M 3,440 00 

28,375 36 
1,003 48 

73,298 18 
1,908 52 

10,873 41 
9,555 94 
1,663 80 
1,500 00 



$1,991 86 

3,072 00 

40,611 90 

620 21 



Income. 



Cash received for fire premiums, 

Deduct re-insurance, rebate, and return prem's, 

Net cash received for fire premiums, 

Cash received for marine and inland prem's, . 

Deduct re-insurance, rebate, and return prem's, 

Net cash rec'd for marine and inl'd prem's, 

Unpaid premium notes rec'd during the year, . 

Interest received on bonds and mortgages, 



,973 82 
9,735 43 



$58,776 25 
26,380 66 



$10,190 29 
Interest and dividends received from all other sources, . 



Gross Cash Income, .... 

Expenditures. 

Cash paid for fire losses, . 

Deduct salvage and re-insurance, 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, 

Deduct salvage and re-insurance, . 

Net cash paid for marine and inland losses, 

Cash dividends paid, .... 

Cash paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes, 

for office, agency, and incidental expenses, 

Gross Cash Expenditures, . • 



$67,886 33 
733 32 

$33,719 30 
12,169 12 



$251,380 35 



46,295 97 

$205,084 38 
200,000 00 

$5,084 38 



$77,238 39 



32,395 59 

4,528 82 
6,100 82 

$120,263 62 



$67,153 01 



21,550 


18 


10,000 00 


20,888 


59 


3,100 


00 


2,939 


70 


6,126 


02 


$131,757 50 



1877.] 



INS. CO*S. OF OTHER STATES. 



417 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 

Marine risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, '. 

Deduct risks expired and terminated, 

In force at end of year, . 



$4,250,862 00 
5,797,059 00 

$10,047,921 00 
5,337,488 00 

$4,710,433 00 
63,912 00 



Premiums. 

$77,540 48 
88,033 61 

$166,174 09 
88,714 81 

$77,459 28 
1,197 36 



:, 646, 521 00 $76,261 92 



$50,750 00 
3,201,183 00 

$3,251,933 00 
3,155,117 00 



$2,984 40 
62,801 88 

$65,786 28 
61,435 92 



$96,816 00 $4,350 36 



Miscellaneous. 

Cash dividends declared from organization of company, . $236,664 95 

Dividends declared during the year (5 per cent.), . . . 10,000 00 

Losses incurred during the year, 100,952 63 

Company's stock owned by directors, . ... 115,50000 



TRADE INSURANCE COMPANY, CAMDEN, N.J. 

[Incorporated March, 1872. Commenced business July 1, 1873.] 
Paid-up Capital, $200,000. 

David L. Taylor, President. Secretary, Edmund May. 

Attorney to accept service, Augustus S. Lovett, Boston. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, . . . . ' . $92,000 00 $94,845 00 
13 shares Mining Company of New Jersey, . 1,300 00 845 00 



$93,300 00 $95,690 00 



Securities held as collateral for cash loans : — 

Market value. Loaned thereon. 

11 shares 8th National Bank Philadelphia, . $1,540 00 $1,100 00 

100 " West Jersey Railroad, . . . 3,500 00 j 

5 " Dorchester and Leisburg L. Asso'n, 830 00 C 4,500 00 

5 u Dividing Creek L. Association, . 600 00 ) 

100 " Camden Trust Company, . . 3,000 00 2,500 00 
53 



418 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Philadelphia city bonds, .... 

10 shares Camden Trust Company, 
10 " Millville National Bank, 
Cumberland Co. New Jersey bond, 
10 shares First National Bank, Camden, 
Camden Trust Company, 
American Dredging Company, 

a it a 

Pennsylvania Railroad, . 
Camden Trust Company, 
Millville Insurance Company, 



100 


a 


115 


tt 


175 


a 


40 


a 


35 


tt 


50 


tt 



. $1,695 00 


$1,500 00 


1,300 00 


1,000 00 


300 00 ) 
750 00 i 


650 00 


105 00 > 
500 00 > 


500 00 


3,000 00 


2,500 00 


6,900 00 


5,000 00 


10,500 00 


8,750 00 


1,320 00 j 




1,050 00 C 


6,098 00 


5,000 00 ) 




$41,890 00 


$34,098 00 



Summary of Assets, Dec. 31, 1877. 



Loans on mortgage of real estate (first liens *) 

Interest accrued thereon, 

Stocks, bonds, etc., as per schedule, 

Loans on collateral security, as per schedule, 

Cash in the office of the company, . 

deposited in Camden Trust Company, 
Interest due and accrued, 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 

Salvage claims, 

Interest in vessel property, 

Gross Assets, 



$105,883 33 

2,796 81 

95,690 00 

34,098 00 

464 73 

8,392 13 

1,578 43 

17,669 15 

12,551 57 

2,800 00 

2,418 60 



$284,342 75 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, 
disputed or resisted, 

Total amount of losses, . 
Less re-insurance, . 

Net amount of unpaid losses, 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, 
Dividends to stockholders unpaid, . 



$2,134 68 

3,728 00 
3,000 00 

$8,862 68 
1,000 00 

$7,862 68 

57,625 24 

872 10 

294 00 



* Value of lands mortgaged, . $82,850 00 

Value of buildings thereon 187,800 00 

Total value of property mortgaged, . . . . . $270,650 00 

Amount of insurance held as collateral, 92,000 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



419 



Due and accrued for rent, salaries, etc., . 
Commissions and brokerage, . 

Gross Liabilities, except Capital, 



$600 00 
1,505 20 



$68,759 22 



Surplus as regards Policy-holders, $215,583 53 

Paid-up Capital, 200,000 00 



Surplus over Capital, 



$15,583 53 



Income. 

Cash received for fire premiums, 

Deduct re-insurance, rebate, and return prem's, 

Net cash received for fire premiums, 

Cash received for marine and inland prem's, . 

Deduct re-insurance, rebate, and return prem's, 

Net cash received for marine and inland prem's, 

Unpaid premium notes rec'd during the year, 

Interest received on bonds and mortgages, 

Interest and dividends received from all other 

Income from premium in gold, 

Deposits received for perpetual fire risks, 



Gross Cash Income, 



$83,074 61 
1,764 95 

$15,733 48 
1,688 45 

$12,551 57 



sources, 



$304 00 



$81,309 66 



14,045 03 



5,679 

9,836 

93 


83 
71 
93 


$110,965 


16 



Expenditures. 
Cash paid for fire losses, 
Cash paid for marine and inland losses, . 
Deduct salvage and re-insurance, . 

Net cash paid for marine and inland losses, . 

Cash dividends paid, ...... 

Cash paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 



$33,981 98 
2,740 45 



Gross Cash Expenditures, 



$61,093 85 



31,241 53 

16,024 00 

16,205 34 

4,458 16 

2,929 43 

7,751 87 

$139,704 18 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 



Risks and Premiums. 

Premiums. 

$4,738,596 99 $86,592 42 
. 6,184,527 29 83,488 29 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



,923,124 28 $170,080 71 
. 5,670,944 17 81,962 29 



$5,252,180 11 $88,118 42 
37,350 00 778 02 



$5,214,830 11 $87,340 40 



420 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Marine risks outstanding Dec. 31, 1876, 
written during 1877, . 

Total, . . . 
Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount re-insured, 

Net amount in force, 
Perpetual risks in force, 



2,850 00 $24,183 15 
262,450 25 14,925 45 



$595,300 25 $39,108 60 
377,404 00 24,482 46 



$217,896 25 $14,626 14 
12,300 00 735 00 



205,596 25 $13,891 14 
$30,300 00 $969 00 



Miscellaneous. 

Premiums received from organization of company, 

Losses paid from organization of company, . 

Cash dividends declared from organization of company 

Dividends declared during the year (8 per cent.), . 

Losses incurred during the year, 

Company's stock owned by directors, 



$465,195 12 

272,916 57 

53,310 00 

16,000 00 

85,195 06 

105,150 00 



TRADERS' INSURANCE COMPANY, CHICAGO, ILL. 

[Incorporated February, 1865. Re-organized May, 1872.] 
Paid-up Capital, $500,000. 

Charles Comstock, President. Secretary, Robert J. Smith. 

Attorney to accept service, S. G. Parsons, Boston. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, $550,000 00 $588,500 00 

Cook County bonds, 52,500 00 56,437 50 

Evanston Water Loan bonds, .... 20,000 00 20,000 00 

Chicago city bonds, . . . . . 13,000 00 13,975 00 



Securities held as collateral for cash loans 
N. H. Warren & Co., trust deed, . 



$635,500 00 $678,912 50 



Market value. Loaned thereon. 

$5,500 00 $3,823 66 



Summary of Assets, Dec. 31, 1877. 

Cash value of unencumbered real estate, . $11,432 24 

Stocks, bonds, etc., as per schedule, . . 678,912 50 

Loans on collateral security, as per schedule, . 3,823 66 



1877.] 



INS. CO'S. OF OTHER STATES. 



421 



Cash in the office of the company, . 
Cash deposited in Corn Exchange Nat'lB'k, 
Interest due and accrued, 
Premiums in course of collection (gross), 
Balances due from other companies, 
Personal property, . . . . $3,000 00 
Gross Assets, 



$3,407 70 
60,025 42 
813 64 
36,033 70 
14,812 57 



$809,321 43 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, . 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, 
Paid-up Capital, .... 



Surplus over Capital, 



$1,419 93 

8,297 22 

157,155 49 

7,206 74 



174,079 38 

$635,242 05 
500,000 00 

$135,242 05 



Income. 

Cash received for fire premiums, . . . $404,463 68 

Deduct re-insurance, rebate, and return prem's, 86,421 11 

Net cash received for fire premiums, 

Cash received for marine and inland prem's, . 

Deduct re-insurance, rebate, and return prem's, 

Net cash received for marine and in'ld prem's, 

Interest and dividends received from all sources, 

Income from commissions, .... 

Gross Cash Income, $379,046 31 



$4,466 15 
101 82 


$318,042 57 

4,364 33 

36,058 78 
20,580 63 


• • • 



Expenditures. 

Cash paid for fire losses, $167,209 08 

Deduct salvage and re-insurance, . . . 6,307 53 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, . . $5,414 49 

Deduct salvage and re-insurance, . . . 366 59 

Net cash paid for marine and inland losses, 

Cash dividends paid, .... 

paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 

Gross Cash Expenditures, .... 



$160,901 55 



5,047 90 
60,000 00 
55,562 31 
24,071 08 

6,864 14 
32,002 28 

$344,449 26 



422 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 



Risks and Premiums. 

Premiums. 

$14,705,496 90 $239,140 32 
26,335,414 56 404,463 68 



Total, 

Deduct risks expired and terminated, 

In force at end of year, 

Marine risks outstanding Dec. 31, 1876, 
written during 1877, . 



$41,040,911 46 $643,604 00 
21,182,781 47 330,632 85 



,858,129 99 $312,971 15 



$12,560 00 
901,173 27 



$58 23 
4,466 15 



Total, $913,733 27 $4,524 38 

Deduct risks expired and terminated, . . 913,733 27 4,524 38 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (12 per cent.), 
Losses incurred during the year, ..... 
Company's stock owned by directors, .... 



$2,078,213 08 
. 1,101,813 22 
. 290,000 00 
60,000 00 
. 167,022 99 
. 168,100 00 



UNION INSURANCE COMPANY, PHILADELPHIA, PENN. 

[Incorporated Feb. 6, 1804. Commenced business July 25, 1803.] 
Paid-up Capital, $200,000. 

Richard S. Smith, President. Secretary, John B. Craven. 

Attorney to accept service, Timothy T. Sawyer, Jun., Boston. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

Camden and Amboy R. R. coupon bonds, 6s, $11,200 00 $11,424 00 

Chesapeake and Delaware Canal reg. bonds, 6s, 14,610 00 11,103 60 

Pennsylvania R. R. 1st mort. coupon b'ds, 6s, 1,000 00 1,090 00 

Schuylkill Navigation Co. reg. bonds, 6s, . 10,000 00 6,400 00 

Philadelphia and Erie R. R. coupon bonds, 6s, 10,000 00 10,300 00 

Pennsylvania Canal Co. coupon bonds, 6s, . 15,000 00 9,750 00 

North Pennsylvania R. R. coupon bonds, . 14,500 00 15,895 00 

Pittsburgh water-loan coupon bonds, 7s, . 7,000 00 7,350 00 

Phila. and Reading. R. R. reg. bonds, 7s, . 5,000 00 5,050 00 

Lehigh Valley R. R. reg. bonds, 6s, . . 5,000 00 5,425 00 

American S. S. Co. coupon bonds, 6s, . . 5,000 00 3,750 00 

United States bonds, 5,300 00 5,526 25 

Philadelphia city warrants, .... 49,943 40 50,068 26 



1877.] 



INS. CO'S. OF OTHER STATES. 



423 



Susq. Coal Co. coupon bonds, 6s, . 
100 shares Little Schuylkill Railroad, 



134 
127 

48 

106 

68 



20 
525 



Pennsylvania Railroad, . 
North Pennsylvania Railroad, 
Delaware Railroad, 
Pennsylvania Canal Co., 
Philadelphia National Bank, . 
Farmers and Mechanics' Nat'l B'k 
Delaware Mutual Safety Ins. Co., 
Phila. and So. Mail S. S. Co., 
Harrisburg, P., M. J., and Lancas 
ter R. R., . 



$10,000 00 
5,000 00 
6,700 00 
6,350 00 
1,200 00 
5,300 00 
6,800 00 
8,800 00 
2,200 00 
5,000 00 



$7,500 00 

4,200 00 

4,455 50 

4,099 00 

1,200 00 

742 00 

11,560 00 

10,912 00 

2,640 00 

400 00 



26,250 00 28,350 00 



$237,153 40 $210,790 61 



Securities held as collateral for cash loans : — 

300 shares Fidelity Insurance Trust Co., 

54 " Union National Bank, . 
Northern Central Railroad 2d mortgage bond, 

(( C( <( u u n 

30 shares Union National Bank, . 

28 " Conshohocken Quarry Co., 
Northern Central Railroad bonds (gold), 

" " " 2d mortgage bonds 

40 shares Pennsylvania Railroad, . 
Philadelphia city bonds, 6s, . 

25 shares Union Mut. Build'g and Loan As'n 
Warren and Franklin Railway 1st mort. bonds 



Market value. Loaned thereon. 


. $40,700 00 


$35,000 00 


2,970 00 


2,500 00 


1,300 00 


1,000 00 


3,250 00) 




1,650. 00 [■ 


5,600 00 


2,040 00) 




1,000 00) 
,, 1,950 00) 


2,500 00 




1,330 00 


1,000 00 


4,480 00 


4,000 00 


l, 700 00 


300 00 


j, 1,000 00 


100 00 



$62,370 00 $52,000 00 



Summary of Assets, Dec. 31, 1877. 



Stocks, bonds, etc., as per schedule, 

Loans on collateral security, as per schedule, 

Cash in the office of the company, . 

deposited in various banks, 
Interest due and accrued, 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
Re-insurance due from other companies, 
Gross Assets, 



$219,790 61 
52,000 00 

4,681 21 
15,572 07 

6,311 95 
15,301 89 
12,504 75 

6,000 00 



$332,162 48 



Liabilities. 

Losses adjusted, unpaid, .... $961 41 

claimed and reported, .... 16,359 54 

disputed or resisted 2,500 00 

Unearned premiums on outstanding risks, . 47,751 25 



424 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Reclaimable on perpetual fire policies, 
Dividends to stockholders unpaid, . 
Due and accrued for rent, salaries, etc., 
Commissions and brokerage, . 

Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, 
Paid-up Capital, .... 



$26,252 64 

1,700 20 

1,000 00 

684 50 



$97,209 54 

$234,952 94 
200,000 00 



Surplus over Capital, $34,952 94 



Income. 

Cash received for fire premiums, . . . $82,151 98 

Deduct re-insurance, rebate, and return prem's, 14,116 18 

Net cash received for fire premiums, . . 

Cash received for marine and inland prem's, . $67,603 28 

Deduct re-insurance, rebate, and return prem's, 8,682 54 

Net cash received for marine and inl'd prem's, 

Unpaid premium notes received during year, . $17,876 20 
Interest and dividends received from all sources, . 

Deposits received for perpetual fire risks, . . $1,130 00 

Gross Cash Income, 

Expenditures. 

Cash paid for fire losses, $55,347 44 

Deduct salvage and re-insurance, . . . 1,072 67 

Net cash paid for fire losses , . . . . 

Cash paid for marine and inland losses, . . $48,642 48 
Deduct salvage and re-insurance, . . 2,887 64 

Net cash paid for marine and inland losses, . 

Cash dividends paid, 

Cash paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 
Deposits returned on perpetual fire risks, . . $643 59 



$68,035 80 

58,920 74 
14,401 37 

$141,357 91 

$54,274 77 



45,754 84 
22,615 50 
17,614 22 
11,800 00 
1,285 10 
10,277 60 



Gross Cash Expenditures, 

Risks and Premiums. 



. $163,622 03 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . . . 
Deduct amount re-insured, 

Is et amount in force, 



Premiums. 

$5,607,550 00 $58,441 54 
7,901,132 00 82,151 98 



$13,508,682 00 $140,593 52 
7,160,326 00 82,212 50 



1,348,356 00 $58,381 02 
92,165 00 1,189 68 



$6,256,191 00 $57,191 34 



1877.] 



INS. CO'S. OF OTHER STATES. 



425 



Marine risks outstanding- Dec. 31, 1876, 
written during 1877, . 

Total, ..... 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 
Perpetual risks in force, . 



$294,610 00 $25,742 16 
2,802,925 00 67,003 28 



£3,097,535 00 $93,345 44 
2,782,510 00 73,898 29 



$315,025 00 $19,447 15 
29,500 00 1,280 38 



$285,525 00 $18,166 77 
$758,925 00 $29,169 59 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year, . 

Losses incurred during the year, 

Company's stock owned by directors, . 



$13,363,415 00 

9,936,562 00 

. 1,670,599 00 

23,000 00 

. 101,741 76 

. 42,470 00 



UNION MAEINE AND FIEE INSURANCE COMPANY, GALVESTON, 

TEXAS. 

[Incorporated Jan. 26, 1848. Commenced "business July 15, 1854.] 
Paid-up Capital, $200,000. 

I. Dyer, President. Secretary, W. F. Beers. 

Attorney to accept service, George O. Carpenter, Boston. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

Texas State bonds, 6s and 10s, . . . $16,900 00 $17,377 00 

Galveston county bonds, 10s, .... 54,000 00 55,080 00 

Galveston city bonds, 10s, .... 9,200 00 8,908 00 

So. Cotton Press and Manuf. Co. bonds, 10s, . 15,000 00 15,300 00 

Texas Cotton Press and Man. Co. bonds, 10s, . 3,000 00 3,060 00 

Galveston Wharf Co. bonds, 10s, . . . 28,000 00 28,560 00 

Galveston City Railroad bonds, 10s, . . 10,000 00 10,000 00 

222 shares Galveston City Railroad, . . 11,100 00 1,776 00 

16 « Island City Savings Bank* . . 1,600 00 1,560 00 



54 



$148,800 00 $141,621 00 



426 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Securities held as collateral for cash loans : • 

Galveston County Railroad bonds, . 

2 shares National Bank of Texas, 
50 " Galveston Wharf Co., . 

25 " Texas Cotton Press and Manuf. Co. 
12 " So. Cotton Press and Manuf. Co., 
6 " Texas Cotton Press and Manu. Co. 
Galveston Co. Railroad bonds, 
Galveston city bonds, .... 
50 shares First National Bank of Galveston, 
29 u Gulf Loan and Homestead Co., 
50 " Gulf City Cotton Press Man. Co., 
5 " Texas Cotton Press Manuf. Co., 
5 " Crescent City Oil Co., . 
So. Cotton Press and Manuf. Co. bonds, 
Texas Cotton Press and Manuf. Co. bonds, 

4 shares First National Bank of Galveston, 
20 " Galveston Gas Co., 

3 " Galveston Wharf Co., . 

40 " First National Bank of Galveston, 

60 " National Bank of Texas, 
Galveston city bonds, ■ , 

39 shares Galveston Gas Co. , 

Jq- share Galveston City Co., 
200 shares So. Cotton Press and Manuf. Co., 

56 " Galveston Wharf Co., . 

25 " First National Bank of Galveston, 

82 " Galveston Gas Co., 
Galveston county bonds, .... 

10 shares First National Bank of Galveston, 
Galveston city bonds, 



Market value. 

$1,020 00 

210 00 

1,600 00 

2,275 00 

600 00 

558 00 

1,020 00 

2,130 00 

4,300 00 

2,813 00 

5,000 00 

465 00 

500 00 

2,040 00 

510 00 

344 00 

1,000 00 

96 00 

3,440 00 

6,300 00 

400 00 

1,950 00 

850 00 

12,500 00 

1,792 00 

2,150 00 

4,100 00 

800 00 

860 00 

100 00 



Loaned thereon* 

$5,000 00 

J 

500 00 
I 2,500 00 

2,500 00 
2,150 00 

C 4,900 00 
[ 2,500 00 

10,000 00 



1,800 00 

593 50 

10,700 00 

1,400 00 




$61,723 00 $51,461 00 



Summary of Assets, Dec. 31, 1877. 
Loans on mortgage of real estate (first liens*), $13,000 00 



Interest accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . . 
deposited in Nat'l Bank of Texas, . 
Interest due and accrued, 



233 33 

141,621 00 

51,461 00 

1,953 65 

20,478 25 

576 11 



* Value of lands mortgaged, ......... $15,000 00 

Value of buildings thereon 15,000 00 

Total value of property mortgaged, $30,000 00 

Amount of insurance held as collateral, 10,000 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



427 



Premiums in course of collection (gross), . $10,206 74 

Personal loan secured, 7,616 87 

Office furniture and safes, . . $2,558 16 

Gross Assets, . . . . . . 

Liabilities. 

Losses adjusted, unpaid, $2,156 41 

claimed and reported, .... 3,798 86 

disputed or resisted, .... 3,050 00 

Total amount of losses, . . . . . $9,005 27 

Less re-insurance, ...... 4,502 63 

Net amount of unpaid losses, .... $4,502 64 

Unearned premiums on outstanding risks, . 39,024 27 

Dividends to stockholders unpaid, . . . 397 50 

Commissions and brokerage, .... 212 00 
Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, . 
Paid-up Capital, ..... 



$247,146 95 



Surplus over Capital, $3,010 54 



44,136 41 

$203,010 54 
200,000 00 



Income. 

Cash received for fire premiums, . . . $176,928 65 
Deduct re-insurance, rebate, and return prem's, 94,157 85 

Net cash received for fire premiums, . . 

Cash received for marine and inland prem's, . $26,048 64 
Deduct re-insurance, rebate, and return prem's, 10,420 08 

Net cash received for marine and inl'd prem's, 

Interest and dividends received from all sources, . 

Income from premium on gold, 

Income from commissions, . . . .... 



$82,770 80 



15,628 56 

22,252 36 

301 72 

1,455 47 



Gross Cash Income, $122,408 91 

Expenditures. 

Cash paid for fire losses, $94,874 51 

Deduct salvage and re-insurance, . . . 34,631 16 

Net cash paid for fire losses, .... $60,243 35 

Cash paid for marine and inland losses, . . $18,337 62 
Deduct salvage and re-insurance, ... 4,492 93 

Net cash paid for marine and inland losses, . 13,844 69 

Cash dividends paid, . 17,602 50 

Cash paid for commissions and brokerage, .... 17,038 96 

paid for salaries of officers and employees, . . . 9,512 46 
paid for State and local taxes, . . . ... 4,446 48 

paid for office, agency, and incidental expenses, . . 4,888 70 

Gross Cash Expenditures, $127,577 14 



428 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 



Risks and Premiums. 

Premiums. 

$3,340,059 00 $63,904 42 
11,311,779 00 176,928 65 



Total, . . 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 

Marine risks outstanding Dec. 31, 1876, 
written during 1877, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



$14,651,838 00 $240,833 07 
7,275,553 00 114,905 40 



$7,376,285 00 $125,927 67 
3,358,353 00 50,634 41 



$4,017,932 00 $75,293 26 

. $131,188 00 $1,829 25 
. 2,122,618 00 26,048 64 



$2,253,806 00 
2,209,601 00 


$27,877 89 
26,948 55 


$44,205 00 
3,250 00 


$929 34 
145 00 


$10,955 00 


$784 34 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company 
Dividends declared during the year (9 per cent.), . 
Losses incurred during the year, .... 
Company's stock owned by directors, 



,027,743 00 

532,803 00 

130,000 00 

18,000 00 

74,088 00 

65,250 00 



VIRGINIA FIRE AND MARINE INSURANCE COMPANY, 
RICHMOND, VA. 

[Incorporated March, 1832. Commenced business March, 1832.] 
Paid-up Capital $250,000. 

Wm. L. Cowardin, President. Secretary, Wm. H. McCarthy. 

Attorney to accept service, J. Edward Hollis, Boston. 



Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, $40,000 00 $43,075 00 

Richmond city bonds, 8s, ... . 9,000 00 10,620 00 

Manchester bridge bonds, 8s, . . . . 12,500 00 13,125 00 

Mississippi state warrants, ... . . 10,000 00 9,750 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



429 



Danville Corporation bonds, 8s, 
Lynchburg city bonds, . 
Wilmington city bonds (N.C.), gold, 8s, 
National Bank of Virginia stock, . 
Richmond Female Institute stock, . 
Virginia State bonds, . 
Georgia State bonds, . 
Bank of Richmond stock, 
Richmond city bonds, 6s, 



$20,000 00 
1,200 00 

21,500 00 
3,200 00 
1,000 00 
1,600 00 

15,000 00 
1,300 00 
1,250 00 



$19,000 00 

1,140 00 

19,200 00 

3,008 00 

600 00 

1,600 00 

15,000 00 

780 00 

1,281 25 



Securities held as collateral for cash loans : — 

Virginia State Insurance Company stock, 
City Savings Bank stock, 
Old Dominion S.S. Company stock, 
Citizens' Bank of Richmond stock, 
Wilmington city bonds, . 
Richmond Female Institute stock, . 
Richmond Stove Company bonds, . 
South Side Railroad bonds, 



$137,550 00 $138,179 25 

Market value. Loaned thereon. 

$2,900 00 $2,000 00 



400 00 


400 00 


380 00 


388 82 


2,668 00 


2,151 25 


4,050 00 


447 13 


600 00 


223 00 


2,000 00 


900 00 


450 00 


125 00 


$13,448 00 


$6,635 20 



Summary of Assets, Dec 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
Stocks, bonds ^ etc., as per schedule, 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 

deposited in National Bank of Virginia, 
Interest due and accrued, 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
Rents due and accrued, .... 
Bills receivable secured, .... 
Bills receivable, commercial paper, . 

Gross Assets, ..... 
Special deposit in other States (net),f 



Balance, $577,052 26 



31, 1877. 

$61,704 07 

252,582 05 

18,273 69 

138,179 25 

6,635 20 

1,091 00 

11,125 11 

7,480 48 

37,563 19 

23,859 02 

1,541 07 

6,610 00 

40,285 85 



$606,929 98 
29,877 72 



* Value of lands mortgaged $225,907 00 

Value of buildings thereon, 451,814 00 



Total value of property mortgaged, $677,721 00 

Amount of insurance held as collateral 250,650 00 

f Deposits in other States for special protection of citizens 

of such States, $72,276 25 

Liabilities in such States, ........ 42,398 53 

$29,877 72 



430 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Liabilities. 

Losses claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, . 
Dividends to stockholders unpaid, . 
Due and accrued for rent, salaries, etc., . 
State and local taxes, .... 
Commissions and brokerage, . 

Gross Liabilities, except Capital, 



$15,480 01 

21,904 00 

143,952 59 

712 50 

1,476 25 

50 00 

250 00 

200 00 



Surplus as regards Policy-holders in this State, 
Paid-up Capital, 



Surplus over Capital, 

Income. 

Cash received for fire premiums, . . . $196,081 39 
Deduct re-ins., rebate, and return premiums, . 17,438 14 

Net cash received for fire premiums, . . 

Cash received for marine and inland premiums, 
Interest received on bonds and mortgages, .... 
Interest and dividends received from all other sources, 
Income from rents, 



- $184,025 35 

* $393,026 91 
. 250,000 00 

. $143,026 91 



$178,643 25 

2,279 81 

23,117 87 

14,327 36 

1,742 13 



Gross Cash Income, $220,110 42 

Expenditures. 

Cash paid for fire losses, $99,870 29 

Deduct salvage and re-insurance, . . . 2,350 00 

Net cash paid for fire losses, .... $97,520 29 

Cash dividends paid, 39,094 00 

paid for commissions and brokerage, . . . . 23,024 07 

for salaries of officers and employees, . . . 18,566 00 

for State and local taxes and fees, .... 7,295 82 

Gross Cash Expenditures, $185,500 18 

Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1876, . $14,733,545 00 $262,987 25 



written during 1877, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



13,373,854 00 178,517 04 



$28,107,399 00 $441,504 29 
13,683,476 00 166,956 68 



$14,423,923 00 $274,547 61 
. 171,469 00 4,332 83 



$14,252,454 00 $270,214 78 



* This Company has $10,000 on deposit with the treasurer of this State, for the special 
protection of Massachusetts policy-holders. 



1877.] 



INS. CO'S. OF OTHER STATES. 



431 



Marine risks written during 1877, . . . $403,977 00 
Deduct risks expired and terminated, . . 403,977 00 

Miscellaneous. 

Cash dividends declared from organization of company, $ 
Dividends declared during the year (16 per cent.), 

Losses incurred during the year, 

Company's stock owned by directors, . .... 



$2,279 81 
2,279 81 



,047,030 00 

40,000 00 

92,859 41 

9,900 00 



WATERTOWN FIRE INSURANCE COMPANY, WATERTOWN, N.Y. 

[Incorporated Dec. 7, 1867. Commenced business Dec. 9, 1867.] 
Paid-up Capital, $200,000. 

Willard Ives, President. Secretary, Jesse M. Adams. 

Attorney to accept service, S. C. Warrlner, Springfield. 

Securities held as collateral for cash loans : — 



Jefferson county bonds, . 
United States 5-20 bonds, 
Oswego city bonds, 
Champion town bonds, . 
Merchants' Bank stock, . 
Northern Insurance Company stock, 
Agricultural Insurance Company stock, 
Merchants' Bank stock, . 
Northern Insurance Company stock, 
Agricultural Insurance Company stock, 
Merchants' Bank stock, . 
Agricultural Insurance Company stock, 
Merchants' Bank stock, . 
Agricultural Insurance Company stock, 

t( (( u u 

Bond and mortgage, 

Union Bank stock, .... 

Agricultural Insurance Company stock, 

(( (( a << 

Bond and mortgage, 

Agricultural Insurance Company stock, 
<t it << <( 

Union Bank stock, .... 
Davis S. Machine guar, bonds, 
Agricultural Insurance Company stock, 

(( U (( (( 

Merchants' Bank stock, . 





Market value. Loaned thereon. 


. $1,365 00 -j 




• 


212 00 [ 
100 00 [ 
700 00 J 


$2,000 00 












. 1,850 00 I 
500 00 > 


1,50000 




12,075 00 


6,613 17 




2,700 00 7 
500 00 > 


3,000 00 




17,500 00 


11,000 00 




1,170 00) 
875 00 > 


1,600 00 




1,170 00 > 
875 00 J 


1,700 00 




2,625 00 


1,000 00 




900 00 \ 






1,650 00 [■ 


6,308 00 




7,000 00 ) 






8,750 00 


4,703 61 




1,000 00 > 
1,758 00 > 


1,758 75 




1,750 00 


1,000 00 




4,400 00 


3,200 00 




1,000 00 j 






14,000 00 [■ 


11,402 38 




3,500 00) 






1,170 00 


1,200 00 



432 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



Davis S. Machine guar, bonds, 
Union Pacific Railroad bonds, 
Agricultural Insurance Company stock, 
Bond and mortgage, 
Agricultural Insurance Company stock, 

u u a n 

Bond and mortgage, 

ii a it 

Agricultural Insurance Company stock, 
Bond and mortgage, 



$1,500 00 7 

2,200 00 3 
10,517 00 

1,000 00 ) 
875 00 > 

3,500 00 
750 00 
400 00 
875 00 

3,200 00 



$3,200 00 

6,500 00 
1,400 00 

1,700 00 
700 00 

' 350 00 
450 00 

3,200 00 



$115,412 00 $75,485 91 



Summary of Assets, Dec 

Cash value of unencumbered real estate, . 
Loans on mortgage of real estate (first liens *) 
Interest due or accrued thereon, 
United States bonds, market value, 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 

deposited in Merchants' Nat'l Bank, 
Interest due or accrued, . . . . 
Premiums in course of collection (net), . 
Gross Assets, 



31, 1877. 

$6,000 00 

380,634 12 

15,849 89 

106,000 00 

75,485 91 

4,289 83 

59,912 44 

4,571 44 

88,525 29 



$741,268 92 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, 
disputed or resisted, 

Total amount of losses, . 
Less salvage claims, 

Net amount of unpaid losses, 
Unearned premiums on outstanding risks, 
Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, 
Paid-up Capital, .... 



Surplus over Capital, 



$6,163 00 

18,300 00 

6,000 00 

$30,463 00 
4,800 00 

$25,663 00 
446,834 30 



472,497 30 

$268,771 62 
200,000 00 

$68,771 62 



* Value of lands mortgaged, 
Value of buildings thereon, 



Total value of property mortgaged, 
Amount of insurance held as collateral, 



$810,150 00 
311,000 00 

$1,121,150 00 
266,410 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



433 



Income. 

Cash received for fire premiums, . . . $107,324 51 
Deduct re-insurance, rebate, and return prem's, 30,524 GO 

Net cash received for fire premiums, . . ■ 

Interest received on bonds and mortgages, .... 
Interest and dividends received from all other sources, 

Gross Cash Income, . . . . . 



$-430,799 85 

25,239 25 

9,068 09 

1471,707 19 



Expenditures. 

Net cash paid for fire losses, .... 
Cash dividends paid, ..... 

paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 

Gross Cash Expenditures, . ■. . . 



$228,887 85 
20,000 00 
88,755 04 
29,628 21 
11,010 46 
30,179 35 

$414,400 91 



Fire risks outstanding Dec. 31, 1876 
written during 1877, 



Risks and Premiums. 

Premiums. 

. $105,608,893 00 $877,639 15 
. 53,840,171 00 430,265 42 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 



$159,509,064 00 $1,307,904 57 
56,0S1,995 00 426,621 35 



$103,427,069 00 $881,283 22 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (10 per cent.), . 
Losses incurred during the year, 
Company's stock owned by directors, . . . 
55 



$2,233,596 15 
9S9,812 72 
1S0,000 00 
20,000 00 
229,377 45 
119,800 00 



434 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 



WESTCHESTER FIRE INSURANCE COMPANY, NEW ROCHELLE, 

N.Y. 

[Incorporated, as Mutual, March 4, 1837. Commenced business, as Joint Stock, Jan. 1, 1870.] 

Paid-up Capital, $300,000. 

George J. Penfield, President. Secretary, George R. Crawford. 

Attorney to accept service, Milton Clark, Boston. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, $480,000 00 $513,581 25 

Central Pacific Railroad bonds, . . . 20,000 00 21,600 00 

Chesapeake and Ohio Railroad bonds, . . 10,000 00 2,500 00 

Manufacturers and Merchants' Bank stock, . 2,000 00 2,000 00 



$512,000 00 $539,681 25 



Securities held as collateral for cash loans : — 



Huguenot Park Association stock, . 

Poughkeepsie Gas Company stock, 

Central Bank, Westchester Co. stock, 

Taylor Iron Works stock, 

Harlem and Fordham Railroad stock, 

Citizens' Bank stock, 

Bond and mortgage assigned, . 

Bowery Bank stock, . . . 

Central Bank, Westchester, stock, . 

Star Fire Insurance Company, 



Market value. Loaned thereon. 

$3,500 00 $2,000 00 



4,000 00 

1,900 00 

600 00 

900 00. 

5,000 00 

500 00 

14,500 00 

2,600 00 

3,630 00 



2,000 00 

2,500 00 

2,000 00 

500 00 

10,000 00 

2,000 00 

2,100 00 



$37,130 00 $23,100 00 



Summary of Assets, Dec. 31, 1877. 

Cash value of unencumbered real estate, . . $28,000 00 

Loans on mortgage of real estate (first liens*), 177,350 00 

Interest due or accrued thereon, . .. . 6,864 51 

Stocks, bonds, etc., as per schedule, . . 539,681 25 

Loans on collateral security, as per schedule, . 23,100 00 

Cash in the office of the company, . . . 8,974 24 

deposited in various banks, . . . 28,963 88 

Interest due and accrued, .... 1,624 49 



* Value of lands mortgaged, 
Value. of buildings thereon, . 

Total value of property mortgaged, 
Amount of insurance held as collateral, 



$167,450 00 
279,950 00 

$447,400 00 
221,550 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



435 



Premiums in course of collection (gross) , . $87,058 95 
Rents due and accrued, ..... 1,524 65 

Premiums more than 3 mos. due, $3,272 38 

Gross Assets, $903,141 97 

Special deposit in Virginia (net),* 6,583 71 



Balance, $896,558 26 



Liabilities. 

Losses adjusted, unpaid, .... 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 

Gross Liabilities, except Capital, 



$9,742 11 
7,722 45 

11,800 00 

343,749 76 

9,124 76 



Surplus as regards Policy-holders in this State, 
Paid-up Capital, 

Surplus over Capital, . . . 



382,139 08 

$514,419 18 
300,000 00 

$214,419 18 



Income. 

Cash received for fire premiums, . . . $687,160 82 
Deduct re-ins., rebate, and return premiums, . 77,774 16 

Net cash received for fire premiums, . . $609,386 66 

Interest received on bonds and mortgages, .... 12,542 80 
Interest and dividends received from all other sources, . 26,366 91 



Gross Cash Income, $648,296 37 



Expenditures. 

Cash paid for fire losses, $337,433 84 

Deduct salvage and re-insurance, . . . 8,723 45 

Net cash paid for fire losses, .... $328,710 39 

Cash dividends paid, 29,955 00 

paid for commissions and brokerage, .... 112,658 75 

paid for salaries of officers and employees, . . . 29,800 00 

paid for State and local taxes, . .... 15,839 77 

paid for office, agency, and incidental expenses, . . 69,175 57 

Gross Cash Expenditures, $586,139 48 



* Deposits in Virginia for special protection of citizens of said State, 
Liabilities in such State, 



$10,000 00 
3,416 29 

$6,583 71 



436 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, . .... 
Deduct risks expired and terminated, 

In force at end of year, . % 
Deduct amount re-insured, 

Net amount in force, 



Premiums. 

$60,012,790 00 $707,739 89 
78,280,790 00 6S7,160 82 



$144,293,580 00 $1,394,9.00 71 
73,944,009 00 691,373 94 



$70,349,571 00 $703,526 77 
612,629 00 5,753 15 



$69,736,942 00 $697,773 62 



Miscellaneous. 

Premiums received from organization of company, . $5,610,345 00 

Losses paid from organization of company, . . . 2,983,994 31 

Cash dividends declared from organization of .company, 158,000 00 

Dividends declared during the year (10 per cent.), . . 30,000 00 

Losses incurred during the year, . . .... 341,225 35 

Company's stock owned by directors, 144,000 00 



WILLIAMSBURG CITY FIRE INSURANCE COMPANY, BROOKLYN, 

N.Y. 

[Incorporated March, 1853. Commenced business March, 1853.] 

Paid-up Capital, $250,000. 

Edmund Driggs, President. Secretary, N. W. Meserole. 

Office, No. 13 Broadivay, Brooklyn, E.D. 

Attorney to accept service, John W. Porter, Boston. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, $211,000 00 $227,715 00 

Union Ferry Company stock, .... 10,600 00 14,522 00 

Mechanics and Traders' Bank stock, Greeirp't, S,000 00 7,200 00 

Grand Street and Newtown Railroad stock, . 25,000 00 22,500 00 

Nassau National Bank stock, Brooklyn, . . , 1,000 00 1,650 00 

Long Island Bank stock, Brooklyn, . . 10,000 00 11,000 00 

First National Bank stock, Brooklyn, . . 3,000 00 5,400 00 

People's Gas-Light Company stock, Brooklyn, 26,000 00 10,400 00 

Metropolitan Gas-Light Co. stock, Brooklyn, . 5,000 00 3,600 00 

Citizens' Gas-Light Company stock, Brooklyn, 7,120 00 6,408 00 

Dry Dock, E. B'dway and Battery R.R., B'n, 20,000 00 20,000 00 

Grand Street and Newtown Railroad bonds,- . 20,000 00 20,000 00 



1877.] 



INS. CO'S. OF OTHER STATES. 



437 



Georgia State bonds, 
Brooklyn City Railroad stock, 



$25,000 00 
10,000 00 



$25,000 00 
20,000 00 



$381,720 00 $395,395 00 



Securities held as collateral for cash loans : — 



Manufacturers Nat'l Bank, New York, stock, 
First National Bank, Brooklyn, stock, 
Brooklyn City and N. R.R. 1st mort. bonds, 
First National Bank, Brooklyn, stock, . 
Broadway Railroad Company, Brooklyn, stock 
Cypress Hill Cemetery bonds, 
Pacific Bank, New York, stock, 
Metropolitan Gas Company, Brooklyn, stock, 
People's Gas-Light Company, Brooklyn, stock 
South Side Railroad Company (L. I.) stock, 
Manufacturers' National Bank, N. Y., stock, 
Delaware and Hudson Canal Company stock, 
Grand Street and Newtown Railroad stock, 
Brooklyn Gas-Light Company stock, 
First National Bank, Brooklyn, stock, . 
Union Ferry Company stock, . 
Equitable G. L. and Construction Co. stock, 
Mechanics' Fire Ins. Co., Brooklyn, stock, 
Mechanics' Bank, Brooklyn, stock, 
Baltimore Gas Company stock, 
Lafayette Insurance Co., Brooklyn, stock, 
People's Gas-Light Company, Brooklyn, stock 
Rochester city bonds, . 
United States bonds, .... 
Kings County Fire Insurance Company stock, 



7,000 00 



Market value. Loaned thereon. 

$4,759 50 $3,050 00 
5,400 00) 
3,400 00 > 
1,800 00) 
1,600 00) 
2,000 00 



4,125 00 ) 
1,440 00) 

400 00 
3,000 00 
1,311 00 
1,750 00 
3,960 00 

12,000 00 
5,940 00 
822 00 
2,000 00 
2,500 00 
2,000 00 

11,250 00 

2,250 00 

200 00 

1,120 00 

11,385 00 
7,000 00 



2,000 00 

1,500 00 
5,000 00 

290 00 
3,000 00 

1,900 00 

2,750 00 
10,000 00 
3,500 00 
600 00 
1,150 00 
1,950 00 

10,000 00 

1,750 00 

1,000 00 

10,000 00 

3,500 00 



$93,412 50 $70,540 00 



Summary of Assets, Dec. 

Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens *) , 
Interest due or accrued thereon, 
Stocks, bonds, etc., as per schedule, 
Loans on collateral security, as per schedule, 
Cash in the office of the company, . 
Cash deposited in various banks, 
Interest due and accrued, 



31, 1877. 

$78,201 07 

246,920 00 

4,579 87 

395,395 00 

70,540 00 

5,347 22 

27,907 32 

7,704 84 



* Value of lands mortgaged, $231,200 00 

Value of buildings thereon, 250,600 00 

Total value of property mortgaged, $4S1,800 00 

Amount of insurance held as collateral, ..... 218, S00 00 



438 FIRE, MARINE, AND FIRE-MARINE [Dec. 31, 

Premiums in course of collection (gross), . $36,140 92 

Rents due and accrued, 100 00 

Premiums more than 3 months due, $2,309 29 

Gross Assets, * $872,836 24 

Special deposits in other States (net), f 31,912 35 

Balance, $840,923 89 

Liabilities. 



Losses adjusted, unpaid, .... 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Dividends to stockholders unpaid, . 
Due and accrued for rent, salaries, etc. , . 
Commissions and brokerage, . 

Gross Liabilities, except Capital, 



$3,382 77 
3,807 38 
7,350 00 
191,844 56 
150 00 
2,466 66 
5,421 13 



214,422 50 



Surplus as regards Policy-holders in this State, . . $626,501 39 
Paid-up Capital, 250,000 00 

Surplus over Capital, $376,501 39 

Income. 

Cash received for fire premiums, . . . $363,501 13 

Deduct re-ins., rebate, and return premiums, . 16,216 04 

Net cash received for fire premiums, . . $347,285 09 

Cash received for marine and inland prem's, .... 1,832 56 

Interest received on bonds and mortgages, .... 17,413 43 

Interest and dividends received from all other sources, . . 22,742 18 

Income from rents, $1,115 95 

Profit on gold sold, 498 02 

1,613 97 



Gross Cash Income, $390,887 23 

Expenditures. 

Cash paid for fire losses, $139,182 02 

Deduct salvage and re-insurance, . . . 1,677 50 

Net cash paid for fire losses, .... $137,504 52 

Cash paid for marine and inland losses, 5,324 15 

Cash dividends paid, 49,900 00 

* Including $200,000, special reserve fund, held under New York " surplus law." 

| Deposits in other States for special protection of citizens 

such States . $36,000 00 

Liabilities in such States, 4,087 65 

$31,912 35 



1877.] 



INS. CO'S. OF OTHER STATES. 



439 



Cash paid for commissions and brokerage, 

paid for salaries of officers and employees, 
paid for State and local taxes, .... 
for office, agency, and incidental expenses, . 

Gross Cash Expenditures, t 



,131 13 

44,972.89 

1,515 78 

45,504 30 



$344,852 77 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 

Marine risks written during 1877, . 
Deduct risks expired and terminated, 



$50,867,442 00 
56,061,312 00 

$106,928,754 00 
55,394,263 00 

$51,534,491 00 
215,450 00 



Premiums. 

$327,683 61 
362,293 10 



$689,976 71 
310,653 55 

$379,323 16 
1,745 11 



$51,319,041 00 $377,578 05 



. $402,921 00 
. 402,921 00 



^2,859 10 
2,859 10 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, 
Cash dividends declared from organization of company, 
Dividends declared during the year (20 per cent.), 

Losses incurred during the year, 

Company's stock owned by directors, .... 



$5,224,004 30 

2,831,961 95 

565,000 00 

50,000 00 

140,114 04 

96,350 00 



440 



F., M., AND F. M. INS. CO'S. [Dec. 31, '77. 



AGGREGATE. 



Capital Stock. 
Outstanding capital, actually paid up in cash, . 

Assets. 
Gross present Assets, 

Liabilities. 
Gross present Liabilities, ...... 

Income. 
Cash actually received for fire premiums, . 
for marine and inland premiums, 
for interest and dividends from all sources, 
from all other sources, ..... 


$10,830,694 00 

$112,077,565 00 

$33,898,236 00 

$32,746,214 00 

10,871,647 00 

5.592,462 00 

411,312 00 


Gross Cash Income, 

Expenditures. 
Cash actually paid daring the year for fire losses, 

for marine and inland losses, .... 
for dividends to stockholders, .... 
for interest to scrip-holders, . . . 
for redemption of scrip, ..... 
for brokerage and commissions on premiums, . 
for salaries and pay of officers and employees, . 
for State and local taxes, . . 
for office, agency, and incidental expenses, 


$49,621,635 00 

$18,443,486 00 
7,717,S45 00 
5,523,217 00 

I 3,654,581 00 

5,975,805 00 
3,889,S98 00 
1,009,S62 00 
3,226,400 00 


Gross Cash Expenditures, 

Miscellaneous. 
Whole amount of fire risks written during the year, . 
premiums charged or receivable thereon, . 
marine and inland risks written during the year, 
premiums charged or receivable thereon, . 
fire risks terminated during the year, 
marine and inland risks terminated, . 
fire risks outstanding at end of year, . 
marine and inland risks outstanding, 
notes received for marine and inland risks, 
dividends declared, ...... 

losses incurred, . . . . . ... 


$49,441,094 00 

$3,779,630,119 00 

35,978,451 00 

1,115,225,467 00 

13,16S,512 00 

3,586,343,121 00 

1,127,222,904 00 

3,834,362,109 00 

146,228,451 00 

3,134,716 00 

5,471,640 00 

22,970,759 00 



UNITED STATES BRANCHES OF 

FOREIGN FIRE 
INSURANCE COMPANIES. 



Detailed Statements of Assets and Liabilities, with Abstract 

of Annual Statements for the Year ending 

Dec. 31, 1877. 



56 



442 



UNITED STATES BRANCHES OF [Dec. 31, 



DETAILED STATEMENT OF ASSETS AND LIABILITIES. 



UNITED STATES BRANCH OF THE BRITISH AMERICA 
ASSURANCE COMPANY OF TORONTO, CANADA. 

Attorney to accept service, William A. Beattie, Boston. 



Detailed Statement op Stocks 

United States bonds, 

Deposit State of Mississippi, . 

Dominion Government bonds, 

Canadian Bank of Commerce stock, 

Dominion Bank stock, 

Ontario Bank stock, 

Federal Bank stock, 

Canada Loan and Savings Co. stock, 

Huron and Erie Sav. and Loan Soc. stock, 



, Bonds, Etc 




Par value. 


Market value. 


$375,000 00 


$430,000 00 


15,000 00 


15,000 00 


51,500 00 


52,530 00 


24,720 00 


28,551 60 


10,300 00 


12,463 00 


12,154 00 


11,850 15 


4,326 00 


4,390 89 


10,300 00 


17,813 00 


25,750 00 


33,990 00 



$529,050 00 $606,588 64 



Summary of Assets, Dec. 31, 1877. 



Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, . 

in Canadian Bank of Commerce, N.Y., 
Interest due and accrued, 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
Bills receivable, . . 
Office furniture, .... $3,010 00 

Gross Assets, 

Special deposit in other States (net), 



Balance, $442,759 42 



$606,588 64 

33,440 05 

33,654 91 

511 91 

29,358 79 

300 00 

1,690 91 



$705,545 21 
* 262,785 79 



* Deposits in other States for special protection of citizens 

of such States $304,058 64 

Liabilities in such States, 41,272 85 



$262,785 79 



1877.] FOREIGN FIRE INSURANCE CO'S. 



443 



Liabilities. 
Losses claimed and reported, . 
disputed or resisted, 

Total amount of losses, 
Less re-insurance, .... 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
State and local taxes, 
Commissions and brokerage, . 
Re-insurance due, .... 
Gross Liabilities, 



Surplus, 



$50,671 2 
4,900 00 

$55,571 25 
300 00 

$55,271 25 

216,623 16 

1,000 00 

3,200 00 

1,989 33 



$278,083 74 
$164,675 68 



Income. 

Cash received for fire premiums, . . . $498,270 35 
Deduct re-insurance, rebate, and return prem's, 79,037 72 

Net cash received for fire premiums, . . ; $419,232 63 

Cash received for marine and inland prem's, . $17,580 27 
Deduct re-insurance, rebate, and return prem's, 1,760 74 

Net cash received for marine and inl'd prem's, 15,819 53 

Unpaid premium notes rec'd during the year, . $300 00 

Interest and dividends rec'd from all sources, .... 35,080 14 

Gross Cash Income, . . $470,132 30 



Expenditures. 

Cash paid for fire losses, $239,377 83 

Deduct salvage and re-insurance, . . . 18,516 33 

Net cash paid for fire losses, .... 

Cash paid for marine and inland losses, . . $12,974 18 
Deduct salvage and re-insurance, . . . 844 74 

Net cash paid for marine and inland losses, . 

Cash paid for commissions and brokerage, .... 
paid for salaries of officers and employees, 
paid for State and local taxes, ..... 

paid for office, agency, and incidental expenses, . 

Gross Cash Expenditures, 



$220,861 50 



12,129 44 
90,475 70 
4,500 00 
11,682 46 
62,450 66 

$402,099 76 



444 



UNITED STATES BRANCHES OF [Dec. 31 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 

Marine risks outstanding Dec. 31, 1876, 
written during 1877, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount re-insured, 

Net amount in force, 



$29,110,830 00 
45,278,782 00 



Premiums. 

$381,903 80 
493,219 51 



$74,389,612 00 
38,630,181 00 

$35,759,431 00 
1,160,350 00 



£878, 123 31 
451,713 94 



5426,409 37 
16,617 31 



$34,599,081 00 $409,792 06 



$339,800 00 
3,593,840 00 



$5,346 45 
17,172 22 



$3,933,640 00 
3,753,790 00 



$179,850 00 
46,650 00 



£22,518 67 
19,134 25 

$3,384 42 
502 02 



$133,200 00 $2,882 40 



UNITED STATES BRANCH OF LA CAISSE GENERALE DES ASSU- 
RANCES, ETC., PARIS, FRANCE. 

Resident Secretary , J ulien Le Cesne. 

Office, Western Union Building, New York. 

Attorney to accept service, Edward Stearns, Dedham. 

Summary of Assets, Dec. 31, 1877. 

U. S. bonds, market value, $272,175 00 

Cash deposited with New York Bankers, . 45,339 48 

Premiums in course of collection (gross), . 87,080 91 

Gross Assets, $404,595 39 

Liabilities. 

Losses adjusted, unpaid, .... $24,811 24 

claimed and reported, .... 13,368 69 

disputed or resisted, .... 10,596 22 

Unearned premiums on outstanding risks, . 137,728 36 

Commissions and brokerage, .... 19,356 SO 

Gross Liabilities, . ... . . 205,861 31 

Surplus, ".'■'.• $198,734 08 



* Since Jan. 1, 1878, $23,285.89 has been remitted from the Home Office. 



1877.] FOREIGN FIRE INSURANCE CO'S. 

Income. 

Cash received for fire premiums, . . . $311,520 22 
Deduct re-insurance, rebate, and return prem's, 40,842 G5 

Net cash received for fire premiums, . . 

Interest and dividends received from all sources, . 

Gross Cash Income, 

Expenditures. 
Cash paid for fire losses, ...... 



445 



$300,077 57 
8,029 37 

$309, GOO 94 



Cash paid for commissions and brokerage, 
Gross Cash Expenditures, 

Risks and Premiums. 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



$10,063,743 00 

25,573,070 00 

$35,636,819 00 

14,781, 8S9 00 



$20,854,930 00 
. 744,651 00 



$125,860 46 
95,863 08 

$221,723 54 



Premiums. 

$116,515 01 
311,520 22 

$458,035 23 
175,158 80 

$282,876 43 
13,140 00 



$20,110,279 00 $269,736 43 



UNITED STATES BRANCH OF THE COMMERCIAL UNION 
ASSURANCE COMPANY, LONDON, ENG. 

President Manager, Alfred Pell. 

Office, No. 120 Broadway, New York. 

Attorney to accept service, Uberto C. Crosby, Boston. 



Summary of Assets, Dec 

United States bonds, market value, 
Cash in the office of the company, . 
deposited in various banks, . 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
Commercial paper secured by mortgages, 

Gross Assets, 

Special deposit in other States (net), 



Balance, . . $9S9,620 23 



31, 1877. 

$963,7Si 25 

92 17 

75,265 77 

99,296 79 

1,360 54 

19,738 04 



-$1,159,534 56 
. * 169,914 33 



* Deposits in other States for special protection of citizens of 

such States 

Liabilities in such States, 



,343 75 
11,429 42 

$169,914 33 



446 



UNITED STATES BRANCHES OF [Dec. 31, 



Liabilities. 

Losses claimed and reported, . 
disputed or resisted, 

Total amount of losses, . 
Less re-insurance, . 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Commissions and brokerage, . 
Drafts outstanding, 

Gross Liabilities, 



Surplus, 



$59,556 99 
30,052 92 

$89,609 91 
5,000 00 

$84,609 91 

454,678 34 

9,211 36 

17,738 46 



$566,238 07 
$423,382 16 



Income 

Cash received for fire premiums, . . $1,031,609 59 
Deduct re-insurance, rebate, and return prem's, 148,047 62 
Net cash received for fire premiums, 
Cash rec'd for marine and inland premiums, . $20,462 72 
Deduct re-ins., rebate, and return premiums, . 2,012 94 

Net cash rec'd for marine and inland prem's, 

Interest and dividends received from all sources, . 



,561 97 



18,449 78 
29,062 50 



Gross Cash Income, $931,074 25 



$468,497 
5,153 



Expenditures. 

Cash paid for fire losses, .... 
Deduct salvage and re-insurance, . 

Net cash paid for fire losses, .... 

Cash paid for marine and inland losses, . 

paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 

Gross Cash Expenditures, . . 

Risks and Premiums. 



13 

86 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, . . . ■ . 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 

Marine risks written during 1877, . 
Deduct risks expired and terminated, 



$58,957,945 
78,177,228 



$463,343 27 
12,486 75 
196,209 21 
30,402 54 
19,634 97 
34,904 88 

$756,981 62 



Premiums. 

00 $761,822 43 
00 1,031,609 59 



$137,135,173 
63,208,695 



00 $1,793,432 02 
00 884,511 84 



$73,926,478 
1,751,014 



00 $908,920 18 
00 34,007 87 



$72,175,464 00 $874,912 31 



£4,746,817 
4,746,817 



00 $20,462 72 
00 20,462 72 



1877.] FOREIGN FIRE INSURANCE CO'S. 



447 



UNITED STATES BRANCH OF THE GUARDIAN FIRE AND LIFE 
ASSURANCE COMPANY, LONDON, ENG. 

H. E. Bowers, Manager. 

Office, No. 60 Wall Street, New York. 

Attorney to accept service, E. G. Snow, Jun., Boston. 



Summary of Assets, Dec. 

United States bonds, market value, 

Cash deposited in various banks, 

Interest due and accrued, . . . . 

Premiums in course of collection (gross), 


31, 1877. 

$741,875 00 

46,224 02 

9,515 94 

20,531 08 


Special deposit in other States (net), 


. 



$818,146 04 
*128,911 39 

$689,234 65 



Liabilities. 

Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., . 
State and local taxes, 
Commissions and brokerage, 
Return premiums, . 
Gross Liabilities, 



Surplus, 



$9,982 37 

83,707 21 

851 75 

1,159 77 

3,121 23 

945 64 



99,767 97 
$589,466 68 



Income. 

Cash received for fire premiums, . . . $186,242 10 
Deduct re-insurance, rebate, and return prem's, 45,985 37 

Net cash received for fire premiums, . . $140,256 73 

Interest and dividends received from all sources, . . . 32,534 77 



Gross Cash Income, $172,791 50 



Expenditures. 
Cash paid for fire losses, ...... 

Cash paid for salaries of officers and' employees, 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 



Gross Cash Expenditures, 



$30,422 15 

20,120 99 

4,792 99 

12,802 52 

,138 65 



* Deposits in other States for special protection of citizens of 

such States, $132,031 25 

Liabilities in such States, 3,119 86 



$128,911 39 



448 



UNITED STATES BRANCHES OF [Dec. 31, 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 



Risks and Premiums. 

Premiums. 

$11,298,234 47 $100,154 54 
34,099,832 20 192,374 21 



Total, . . 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



$45,398,006 67 $292,528 75 
26,959,155 80 143,936 04 



$18,438,910 87 $148,592 71 
124,500 00 1,148 75 



$18,314,410 87 $147,443 96 



UNITED STATES BRANCH OF THE HAMBURG-BREMEN INSUR- 
ANCE COMPANY, HAMBURG, GERMANY. 

Resident Manager, Sophus V. Dorrien, 

Office, No. 178 Broadway, N. Y. 

Attorney to accept service, Nathaniel Foster, Jun., Boston. 



Summary of Assets, Dec 

U. S. bonds, market value, 
Cash deposited in various banks, 
Premiums in course of collection (net), . 

Gross Assets, 

Special deposits in other States, (net), . 



Balance, 



31, 1877. 

$010,226 25 
72,210 96 
33,473 20 



- $715,910 41 
. *128,776 62 



5587,133 79 



Liabilities. 

Net amount of unpaid losses, .... $24,510 00 

Unearned premiums on outstanding risks, . 177,780 47 

Gross Liabilities, . . . . . 202,320 47 



Surplus, $384,813 32 

Income. 

Cash received for fire premiums, . . . $397,651 61 
Deduct re-insurance, rebate, and return prem's, 43,928 46 

Net cash received for fire premiums, . . $353,723 15 

Literest and dividends received from all sources, . . . 25,911 96 



Gross Cash Income, 



. $379,635 11 



* Deposits in other States for special protection of citizens 

of such States, . 

Liabilities in such States, 



$132,950 00 
4,173 38 

$128,776 62 



1877.] FOREIGN FIRE INSURANCE CO'S. 

Expenditures. 



449 



Cash paid for fire losses, 

paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 



Gross Cash Expenditures, 

Risks and Premiums. 



$153,154 18 

67,087 43 

15,584 33 

5,543 70 

25,219 24 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, ..... 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



$27,516,635 00 
42,336,097 00 



$266,588 88 

Premiums. 

$313,164 09 
394,741 13 

$707,905 22 
356,645 05 

$351,260 17 
208 59 

$32,245,055 00 $351,051 58 



,852,732 00 
37,565,177 00 



$32,287,555 00 
42,500 00 



UNITED STATES BRANCH OF THE IMPERIAL INSURANCE 
COMPANY, LONDON, ENGLAND. 

Resident Manager, Richard D. Alliger. 

Office, No. 33 Pine Street, New York. 

Attorney to accept service, John C. Paige, Boston. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, $737,300 00 $783,174 50 



"Virginia State bonds, 
Alabama State bonds, 
Tennessee State bonds, . 
South Carolina State bonds, 



86,000 00 
10,000 00 
20,000 00 
20,000 00 



26,400 00 
4,000 00 
6,775 00 
8,000 00 



$873,300 00 $828,349 50 

Summary of Assets, Dec. 31, 1877. 

Stocks, bonds, etc., as per schedule, . . $828,349 50 

Cash in the office of the company, . . . 160 18 

deposited in Nat'l Shoe and Leather B'k, 19,886 10 

Premiums in course of collection (gross), . 7,427 94 

Gross Assets, $855,823 72 

Special deposit in other States (net), * 203,843 29 

Balance, $651,980 48 



* Deposit in other States for special protection of citi- 
zens of such States . . . 

Liabilities in such States, 



57 



$241,453 75 
37,610 46 

$203,843 29 



450 



UNITED STATES BRANCHES OF [Dec. 31, 



Liabilities. 

Losses claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Gross Liabilities, 



Surplus, 



$7,330 80 

30,759 86 

220,739 58 

1,742 15 



$260,572 39 
$391,408 04 



Income. 

Cash received for fire premiums, . . . $391,057 37 
Deduct re-ins., rebate, and return premiums, . 63,803 96 

Net cash received for fire premiums, . . $327,253 41 

Interest and divideuds received from all sources, . . . 36,498 05 



Gross Cash Income, . . . . .... $363,751 46 



Expenditures. 

Cash paid for fire losses, .... . $202,465 65 
Deduct salvage and re-insurance, . . . 110 00 

Net cash paid for fire losses, . . . • 

Cash paid for commissions and brokerage, .... 
paid for salaries of officers and employees, . • • 
paid for State and local taxes, . . ... 

Gross Cash Expenditures, 



$202,355 65 
49,337 44 
24,668 72 
15,417 31 

$291,779 12 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 



Risks and Premiums. 

Premiums. 

$31,505,819 00 $407,153 25 
38,433,869 00 392,720 33 



Total, . . 
Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount re-insured, 

Net amount in force, 



$69,939,688 00 $799,873 58 
37,975,840 00 409,675 78 



$31,963,848 00 $390,197 80 
7,500 00 22 25 



$31,956,348 00 $390,175 55 



1877.] FOREIGN FIRE INSURANCE CO'S. 



451 



UNITED STATES BRANCH OF THE LANCASHIRE INSURANCE 
COMPANY, MANCHESTER, ENG. 

Resident Manager, Henry Robertson". 

Office, No. 187 Broadway, New York. 

Attorney to accept service, Augustus N. Currier, Worcester. 

Summary of Assets, Dec. 31, 1877. 

United States bonds, market value, . . $710,218 75 
Cash deposited in Chatham National Bank, . 14,601 35 
Premiums in course of collection (net), . . 18,906 92 



Gross Assets, .... 
Special deposit in other States (net) 



- $743,727 02 
. * 119,816 97 



Balance, . . . . $623,910 05 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, . . 
disputed or resisted, 
Unearned premiums on outstanding risks, 
State and local taxes, 

Gross Liabilities, .... 



Surplus, 



$15,014 85 

21,665 90 

9,000 00 

270,966 39 

1,500 00 



318,147 14 
$305,762 91 



Income. 
Cash received for fire premiums, . . . $584,368 86 
Deduct re-insurance, rebate, and return prem's, 103,185 66 

Net cash received for fire premiums, . . 

Interest and dividends received from all sources, . 



$481,183 20 
5,265 60 



Gross Cash Income, . . . . .... $486,448 80 



Expenditures. 
Net cash paid for fire losses, . 
Cash paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes, 

Gross Cash Expenditures, 



$288,880 33 
83,506 44 
47,871 90 
14,072 06 

$434,330 73 



* Deposits in other States for special protection of citizens of 

such States, $131,093 75 

Liabilities in such States, 11,276 78 



$119,816 97 



452 



UNITED STATES BRANCHES OF [Dec. 31, 
Risks and Premiums. 



Premiums. 

Fire risks outstanding Dec. 31, 1876, . $32,672,252 00 $426,975 01 
written during 1877, . . 57,965,167 00 584,368 86 

Total, ..... 
Deduct risks expired and terminated, 

In force at end of year, . 



$90,637,419 00 $1,011,343 87 
50,703,156 00 469,657 02 



$39,934,263 00 $541,686 85 



UNITED STATES BRANCH OF THE LIVERPOOL AND LONDON 
AND GLOBE INSURANCE COMPANY, LIVERPOOL, ENG. 

Resident Manager, James E. Pulsford. 

Office, No. 45 William Street, New York. 

Attorney to accept service, Charles E. Guild, Boston. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. , Market value. 

United States bonds, .... $1,505,000 00 $1,636,387 50 



New York State bonds, . 
Richmond city bonds, 
Mississippi pay warrants, 
South Carolina State bonds, 
Alabama State bonds, 



45,000 00 
5,000 00 
20,000 00 
20,000 00 
10,000 00 



53,100 00 
5,900 00 

18,000 00 
8,000 00 
4,200 00 



$1,605,000 00 $1,725,587 50 



Summary of Assets, Dec 
Cash value of unencumbered real estate, 
Loans on mortgage of real estate (first liens), 
Stocks, bonds, etc., as per schedule, 
Cash in the office of the company, . 

deposited in various banks, 
Interest due and accrued, 
Premiums in course of collection (gross), 
Notes taken for marine and inland risks, 
Rents due and accrued, . 
Loaned on life policies, . 
On deposit with N. O. Gas Company, 

Gross Assets, .... 
Special deposits in other States (net), 



Balance, ' $3,842,070 06 



31, 1877. 

$555,000 00 

924,719 33 

1,725,587 50 

9,495 82 

354,934 78 

34,120 06 

278,819 59 

72,482 54 

2,037 73 

2,673 65 

30 00 



$3,959,901 00 
* 117,830 94 



* Deposit in other States for special protection of citizens of 

such States $258,387 50 

Liabilities in such States, 140,556 56 



$117,830 94 



1877.] FOREIGN FIRE INSURANCE CO'S. 



453 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, 
disputed or resisted, 

Total amount of losses, . 
Less re-insurance, . 

Net amount of unpaid losses, 
Unearned premiums on outstanding risks 
Reclaimable on perpetual fire policies, 
Life annuity and reserve fund, 
Commissions and brokerage, . 
Gross Liabilities, 



Surplus, . . . ... 

Income 
Cash received for fire premiums, 
Deduct re-insur., rebate, and return prem's, 
Net cash received for fire premiums, 
Interest received on bonds and mortgages, 
Interest and dividends received from all other 
Income from rents, .... 

Deposits received for perpetual fire risks, 



$9,443 50 

147,251 39 

, 46,767 13 

$203,462 02 
250 00 

$203,212 02 
1,543,985 65 

280,699 41 

105,658 70 

58,213 71 



$2,191,769 49 
$1,650,300 57 



2,938,088 89 
384,379 27 



sources, 



$16,519 81 



Gross Cash Income, 

Expenditures. 
Cash paid for fire losses, . . . . $963,060 37 

Deduct salvage and re-insurance, . . . 8,593 47 

Net cash paid for fire losses, .... 

Cash paid for commissions and brokerage, .... 

for salaries of officers and employees, . 

for State and local taxes, 

for office, agency, and incidental expenses, . 
Deposits returned on perpetual fire risks, . $33,535 91 

Gross Cash Expenditures, 

Risks and Premiums. 



$2,553,709 62 
53,940 52 
61,254 75 
29,184 22 

. $2,698,089 11 



$954,466 90 

312,552 63 

154,306 43 

50,216 49 

112,095 48 



,583,637 93 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, ..... 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 

Perpetual risks in force, . 



Premiums. 

$195,931,879 00 $2,081,899 32 
351,883,748 00 2,939,810 95 



$547,815,627 00 $5,021,710 27 
280,272,479 00 2,049,254 17 



$267,543,148 00 $2,972,456 10 
9,481,983 00 61,195,52 



$258,061,165 00 $2,911,260 58 
$8,342,702 00 



454 



UNITED STATES BRANCHES OF [Dec. 31, 



UNITED STATES BRANCH OF THE LONDON ASSURANCE COR- 
PORATION, LONDON, ENG. 

Resident Secretary, B. Lockwood. 

Office, No. 88 Wall Street, New York. 

Attorney to accept service, Augustus N. Currier, Worcester. 



Summary of Assets, Dec. 31, 1877. 

Loans on mortgage of real estate (first liens), $7,044 51 

United States bonds, market value, . . 854,906 25 

Cash in the office of the company, . . . 1,388 28 

deposited in various banks, . . . 73,894 50 

Premiums in course of collection (net), . . 13,422 61 

Gross Assets, ..... 
Special deposit in other States (net), 



Balance, 



$950,656 15 
*166,293 75 

$784,362 40 



Liabilities. 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Gross Liabilities, . . 



$15,000 00 
241,795 38 



Surplus, 



256,795 38 
$527,567 02 



Income. 

Cash received for fire premiums, . . . $461,813 19 
Deduct re-insurance, rebate, and return prem's, 74,448 40 

Net cash received for fire premiums, . . 

Interest and dividends received from all sources, . 



$387,364 79 
27,001 53 



Gross Cash Income, $414,366 32 



Expenditures. 
Cash paid for fire losses, . . . . . $187,498 28 
Deduct salvage and re-insurance, . . . 1,800 08 

Net cash paid for fire losses, .... 

Cash paid for commissions and brokerage, 

paid for salaries of officers and employees, 
paid for State and local taxes, .... 
paid for office, agency, and incidental expenses, . 
Interest remitted Home Office, 



Gross Cash Expenditures, 



$185,698 20 
52,563 00 
25,920 13 
18,096 28 
43,531 32 
10,673 14 

$336,482 07 



* Deposit in other States for special protection of citizens of 

such States, $181,343 75 

Liabilities in such States, 15,050 00 



$166,293 75 



1877.] FOREIGN FIRE INSURANCE CO'S. 



455 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1876, . $44,808,526 00 $449,541 9fl 
written during 1877, . . 56,187,723 00 387,364 79 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 



$100,996,249 00 $836,906 78 
50,981,140 00 369,517 80 



$50,015,109 00 $467,388 98 



UNITED STATES BRANCH OF THE NORTHERN ASSURANCE 
COMPANY, LONDON, ENG. 

Richard D. Alliger, Resident Manager. 

Office, No. 33 Pine Street, New York. 

Attorney to accept service, John C. Paige, Boston. 



Summary of Assets, Dec 

United States bonds, market value, 
Cash in the office of the company, . 

deposited in Nat'l Shoe and Leather B'k 
Premiums in course of collection (gross), 

Gross Assets, 

Special deposits in other States (net), . 



Balance, 



31, 1877. 

$547,196 25 
160 19 

19,886 10 
7,427 93 



$574,670 47 
*163,405 04 



$411,265 43 



Liabilities. 

Losses claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Commissions and brokerage, . 
Gross Liabilities, 



$7,330 80 

11,054 86 

182,987 28 

1,742 15 



203,115 09 



Surplus, $208,150 34 

Income. 

Cash received for fire premiums, . . . $390,978 19 
Deduct re-insurance, rebate, and return prem's, 63,004 37 

Net cash received for fire premiums, . . $327,973 82 

Interest and dividends received from all sources, . . . 27,307 86 



Gross Cash Income, 



$355,281 68 



* Deposits in other States for special protection of citizens of 

such States, $184,612 50 

Liabilities in such States, 21,207 46 



$163,405 04 



456 



UNITED STATES BRANCHES OF [Dec. 31, 



Expenditures. 

Cash paid for fire losses, $172,396 44 

Deduct salvage and re-insurance, . . . 110 00 

Net cash paid for fire losses, .... $172,286 44 



Cash paid for commissions and brokerage, 

paid for salaries of officers and employees, 
paid for State and local taxes, 



Gross Cash Expenditures, 



49,196 07 

24,598 03 
13,726 32 

$259,806 86 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 



Risks and Premiums. 

Premiums. 

$24,359,666 00 $294,853 72 
38,433,864 00 392,720 34 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



$62,793,530 00 $687,574 06 
34,555,925 00 347,712 66 



28,237,605 00 $339,861 40 
7,500 00 22 25 



$28,230,105 00 $339,839 15 



UNITED STATES BRANCH OF THE NORTH BRITISH AND 
MERCANTILE INSURANCE COMPANY OF LONDON AND 
EDINBURGH, ENG. 

Charles E. White, Samuel P. Blagden, Managers. 

Office, No. 54 William Street, New York. 
Attorney to accept service, John W. Porter, Boston. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

$1,328,000 00 $1,426,340 00 
17,000 00 17,170 00 



United States bonds, 
Illinois State bonds, 6s, . 
Alabama State bonds, 8s, 
Virginia State registered bonds, 6s, 
" " deferred certificates, 

South Carolina State funded bonds, 6s, 
Tennessee State funded bonds, 6s, . 
New York city and county bonds, 7s, 



10,000 00 
37,300 00 
18,700 00 
11,500 00 
26,000 00 
49,000 00 



4,000 00 

24,618 00 

935 00 

4,600 00 

8,840 00 

53,900 00 



$1,497,500 00 $1,540,403 00 



Summary of Assets, Dec. 31, 1877. 

Stocks, bonds, etc., as per schedule, . $1,540,403 00 

Cash in the office of the company, . . . 220 39 

deposited in various banks, . . . 116,873 60 



1877.] FOREIGN FIRE INSURANCE CO'S. 457 

Premiums in course of collection (net), . . $51,785 30 
Notes taken for marine and inland risks, . 1,682 00 

Gross Assets, ■ $1,710,964 29 

Special deposits in other States (net), * 204,656 36 

Balance, $1,506,307 93 

Liabilities. 

Losses adjusted, unpaid, .... $15,811 16 

claimed and reported, .... 21,993 45 

disputed or resisted, .... 25,435 76 

Unearned premiums on outstanding risks, . 702,318 17 

Gross Liabilities, ..... 765,558 54 

Surplus, $740,749 39 

Income. 

Cash received for fire premiums, . . $1,386,223 10 
Deduct re-insurance, rebate, and return prem's, 146,446 50 

Net cash received for fire premiums, . . $1,239,776 60 

Interest and dividends received from all sources, . . . 79,081 45 
Income from gold exchange, 3,200 43 

Gross Cash Income, $1,322,058 48 

Expenditures. 

Cash paid for fire losses, $623,075 21 

paid for commissions and brokerage, .... 167,413 84 
paid for salaries of officers and employees, . . 80,593 90 

paid for State and local taxes, ..... 29,799 51 
paid for office, agency, and incidental expenses, . . 80,699 25 

Remitted to home office, $308,617 68 

Profit and loss, 331 55 

Decrease in market value of securities, . . 87,839 78 

Gross Cash Expenditures, $981,581 71 

Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1876, . $103,510,074 00 $1,346,388 75 
written during 1877, . . 145,690,610 00 1,385,885 60 



Total, $249,200,684 00 $2,732,274 35 

Deduct risks expired and terminated, . 129,302,161 00 1,351,614 22 



In force at end of year, . . . $119,898,523 00 $1,380,660 13 



* Deposits in other States for special protection of citizens of 

such States, $260,928 00 

Liabilities in such States, . 56,271 64 



$204,656 36 
58 



458 



UNITED STATES BRANCHES OF [Dec. 31, 



UNITED STATES BRANCH OF THE QUEEN" INSURANCE COM- 
PANY, LIVERPOOL, ENG. 

William H. Ross, Resident Manager. 

Office, No. 216 Broadway, New York. 

Attorney to accept service, A. J. Mercer, Boston. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States bonds, .... $1,045,000 00 $1,116,525 00 
Alabama certificates, 5s, .... 10,000 00 4,000 00 



,055,000 00 $1,120,525 00 



Summary of Assets, Dec. 31, 1877. 

Cash value of unencumbered real estate, $214,517 00 

Stocks, bonds, etc., as per schedule, . 1,120,525 00 

Cash deposited in National Park Bank, . . 151,543 09 

Premiums in course of collection (gross), . 20,582 94 

Gross Assets, ..... 

Special deposits in other States (net), . ... 



$1,507,168 03 
* 169,701 95 



Balance, $1,337,466 08 

Liabilities. 



Losses claimed and reported, . 


. 


. $71,868 49 


disputed or resisted, 


• 


. 15,353 57 


Total amount of losses, . 


S87,222 06 


Less re-insurance, .... 


• 


1,666 67 


Net amount of unpaid losses, . 


. $85,555 39 


Unearned premiums on outstanding 


risks, 


439,214 21 


Accrued for rent, .... 


. 


1,666 66 


Commissions and brokerage, . 


. 


845 35 


Gross Liabilities, . . . 











527,281 61 
$810,184 47 



Income. 

Cash received for fire premiums, . . $997,639 92 

Deduct re-insurance, rebate, and return prem's, 95,967 32 

Net cash received for fire premiums, . . ■ 

Interest and dividends received from all sources, . 

Gross Cash Income, 



$901,672 60 
60,344 32 

$962,016 92 



* Deposits in other States for special protection of citizens of 

such States, $240,125 00 

Liabilities in such States, „ . . . . . . . 70,423 05 



$169,701 95 



1877.] * FOREIGN FIRE INSURANCE CO'S. 



459 



$474,707 32 
3,314 68 



Expenditures. 

Cash paid for fire losses, .... 
Deduct salvage and re-insurance, 

Net cash paid for fire losses, .... 

Cash paid for commissions and brokerage, 

paid for salaries of officers and employees, . 

paid for State and local taxes, . ... 

paid for office, agency and incidental expenses, . 

Gross Cash Expenditures, 

Risks and Premiums. 



$471,392 64 

128,905 65 

41,292 95 

21,445 95 

49,340 52 

$712,377 71 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



Premiums. 

$65,461,544 00 $885,027 63 
118,066,900 00 1,002,919 19 



$183,528,444 00 $1,887,946 82 
115,533,367 00 1,020,751 82 



$67,995,077 00 $867,195 00 
. 285,500 00 2,164 82 



$67,709,577 00 $865,030 18 



UNITED STATES BRANCH OF THE ROYAL INSURANCE COM- 
PANY, LIVERPOOL, ENG. 

Managers of the New England Branch, Foster & Scull. 

Office, No. 53 Devonshire Street, Boston. 

Attorney to accept service, George E. Foster, Boston. 

Summary or Assets, Dec. 31, 1877. 



United States bonds, market value, 
Cash in the office of the company, . 

deposited in various banks, 
Interest due and accrued, 
Premiums in course of collection (gross), 
Notes taken for fire risks, 
Re-insurance, etc., due, . 

Gross Assets, . / ' . 
Special deposits in other States (net), 



Balance, 



52,180,338 75 

418 06 

277,583 14 

45,915 00 

161,915 87 

10,790 64 

4,931 53 



-$2,681,892 99 
. *141,575 11 

$2,540,317 88 



* Deposits in other States for special protection of citizens 

of such States, 

Liabilities in such States, 



,125 00 
138,549 89 

$141 r 575 11 



460 



UNITED STATES BRANCHES OF [Dec. 31, 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, . 

disputed or resisted, 
Unearned premiums on outstanding risks, 
Reclaimable on perpetual fire policies, 
Life and annuity reserve fund, 
Due and accrued for rent, salaries, etc. . 
State and local taxes, .... 

Commissions and brokerage, . 
Return premiums, $431.25 ; re-insurance 
2,743.61, ...... 

Gross Liabilities, .... 



Surplus, 



^27,980 86 

58,406 09 

25,360 42 

1,173,163 42 

17,164 18 

119,550 00 

1,360 93 

8,254 89 

29,670 05 



3,174 86 



$1,464,085 70 
$1,076,232 18 



Income. 

Cash received for fire premiums, . . $1,892,168 11 
Deduct re-insurance, rebate, and return prem's, 222,895 95 

Net cash received for fire premiums, . . $1,669,272 16 

Interest and dividends received from all sources, . . . 101,607 76 
Income from rents, ......... 551 57 

Deposits received for perpetual fire risks, . $1,642 75 



Gross Cash Income, 



$1,771,431 49 



Expenditures. 

Cash paid for fire losses, $767,211 14 

Deduct salvage and re-insurance, . . . 39,507 84 

Net cash paid for fire losses, .... $727,703 30 

Cash paid for commissions and brokerage, . . . . 307,115 57 
paid for salaries of officers and employees, . . . 102,279 19 

paid for State and local taxes, 39,305 28 

paid for office, agency, and incidental expenses, . . 61,656 35 



Gross Cash Expenditures, 



$1,238,059 69 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 



Risks and Premiums. 

Premiums. 

, $145,707,674 56 $2,112,340 54 
, 221,743,032 51 2,026,345 60 



Total, . . . . 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, . 

Net amount in force, 



$367,450,707 07 $4,138,686 14 
176,977,218 71 1,813,786 55 



$190,473,488 36 $2,324,899 59 
7,706,055 61 74,180 45 



$182,767,432 75 $2,250,719 14 



1877.] FOREIGN FIRE INSURANCE CCTS. 



461 



UNITED STATES BRANCH OF THE ROYAL CANADIAN INSUR- 
ANCE COMPANY, MONTREAL, CANADA. 

Charles F. Sise, Manager New England Department. 

Office, No. 2If, Congress Street, Boston. 

Attorney to accept service, Charles F. Sise, Boston. 



Summary op Assets, Dec 

United States bonds, market value, 
Cash deposited in various banks, 
Premiums in course of collection (net), 
Notes taken for marine and inland risks, 
Re-insurance and salvage, . . 

Gross Assets, .... 
Special deposit in other States (net), 



Balance, $591,283 07 



31, 1877. 

$547,900 00 

15,408 47 

78,184 74 

5,566 11 

11,087 30 



$658,146 62 
*66,863 55 



Liabilities. 

Losses adjusted, unpaid, 

claimed and reported, . 

disputed or resisted, . . 
Unearned premiums on outstanding risks, 
Return premiums, ..... 
Gross Liabilities, 



$31,641 73 

20,927 01 

6,550 00 

280,015 13 

963 82 



340,097 69 



Surplus, $251,185' 38 

Income. 

Cash received for fire premiums, . . . $657,968 68 
Deduct re-insurance, rebate, and return prem's, 160,826 97 

Net cash received for fire premiums, . . $197,141 71 

Cash received for marine and inland prem's, . $53,129 65 
Deduct re-insurance, rebate, and return prem's, 9,259 42 

Net cash received for marine and inl'd prem's, 43,870 23 

Interest and dividends received from all sources, . . . 32,800 01 

Gross Cash Income, $573,811 95 



Expenditures. 
Cash paid for fire losses, .... 
Deduct salvage and re-insurance, . . 
Net cash paid for fire losses, . 



$560,153 62 
58,668 27 



$501,485 35 



* Deposits in other States for special protection of citizens of 

such States, $106,750 00 

Liabilities in such States, 39,886 45 



$66,863 55 



462 



UNITED STATES BRANCHES OF [Dec. 31, 



Cash paid for marine and inland losses, . . $39,032 45 
Deduct salvage and re-insnrance, . . . 1,798 87 

Net cash paid for marine and inland losses, . 

Cash paid for commissions and brokerage, .... 

paid for salaries of officers and employees, . 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, . 

Gross Cash Expenditures, . . . . . . $799,501 08 



$37,233 58 

106,150 42 

37,120 17 

22,977 85 

94,533 71 



Fire risks outstanding Dee. 31, 1876, 
written during 1877, 



Risks and Premiums. 

Premiums. 

,374,258 00 $821,097 09 
52,064,194 00 657,968 68 



Total, . . . . . 
Deduct risks expired and terminated, 


. $120,438,452 00 $1,479,065 77 
75,845,262 00 897,169 31 


In force at end of year, . 
Deduct amount re-insured, 


$44,593,190 00 
3,430,730 00 


$581,896 46 
38,225 64 


Net amount in force, 

Marine risks written during 1877, . 
Deduct risks expired and terminated, 


$41,162,460 00 

$5,267,311 00 
5,162,907 00 


$543,670 82 

$55,261 52 

49,688 82 


In force at end of year, . 
Deduct amount re-insured, 


$104,404 00 
. 6,500 00 


' $5,572 70 
90 13 



Net amount in force, 



. $97,904 00 



1,482 57 



UNITED STATES BRANCH OF THE SCOTTISH COMMERCIAL 
INSURANCE COMPANY, GLASGOW, SCOTLAND. 

Joint Resident Managers, E. W. Crowell and W. T. Read. 

Office, No. 40 and 42 Pine Street, New York. 

Attorney to accept service, Joseph F. Hovey, Boston. 



Summary of Assets, Dec 

United States bonds, market value, 
Ca^sh in the office of the company, . 

deposited in various banks, 
Interest due and accrued, 
Premiums in course of collection (gross) , 



31, 1877. 

$541,625 00 

18,741 04 

37,098 74 

1,268 79 

87,493 16 



1877.] FOREIGN FIRE INSURANCE GO'S. 



463 



Due from home office, 
Rents due and accrued, . 

Gross Assets, . 
Special deposits in other States (net), 



$6,497 47 
500 00 



- $093,224 20 
. *122,432 98 



Balance, $570,791 22 



Liabilities. 

Losses adjusted, unpaid, . 

claimed and reported, 
disputed or resisted, 

Total amount of losses, 
Less re-insurance, . 

Net amount of unpaid losses, 
Unearned premiums on outstanding risks 
Due and accrued for rent, salaries, etc., 
State and local taxes, 
Commissions and brokerage, . 
Return premiums, .. . . $2,184 80 

Re-insurance, . . . 2,215 50 

Gross Liabilities, 



$14,573 99 

6,750 00 

15,000 00 

$36,323 99 
1,110 09 

35,213 90 

308,124 19 

7,506 00 

2,223 23 

11,109 82 

4,400 30 



368,577 44 



Surplus, . . . . $202,213 78 

Income. 
Cash received for fire premiums, . . . $568,323 07 
Deduct re-insurance, rebate, and return prem's, 59,359 10 



Net cash received for fire premiums, 

Interest and dividends received from all sources, 

Income from all other sources, 



$508,963 97 

30,410 18 

3,690 00 



Gross Cash Income, . . . ..... $543,064 15 



Expenditures. 

Cash paid for fire losses, $289,610 59 

Deduct salvage and re-insurance, . . . 8,879 87 

Net cash paid for fire losses, .... 

Cash paid for commissions and brokeragej 

paid for salaries of officers and employees, 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 

Gross Cash Expenditures, .... 



$280,730 72 
89,832 89 
30,220 82 
16,644 17 
36,642 32 

$454,070 92 



* Deposits in other States for special protection of citizens of 

such States, $160,312 50 

Liabilities in such States 37,879 52 



$122,432 98 



464 



UNITED STATES BRANCHES OF [Dec. 31, 



Fire risks outstanding Dec. 31, 1876, 
"written during 1877, 



Risks and Peemiums. 

Premiums. 

$31,515,724 00 $380,777 09 
77,648,128 00 593,035 99 



Total, 

Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



1109,163,852 00 $973,813 08 
47,152,959 00 392,894 60 



162,010,893 00 $580,918 48 
1,390,351 00 14,777 53 



,620,542 00 $566,140 95 



UNITED STATES BRANCH OF THE TRANSATLANTIC FIRE 
INSURANCE COMPANY, HAMBURG, GERMANY. 

Resident Manager ', Henry Honig. 

Office, New York, N. Y. 

Attorney to accept service, George H. Conn, Woburn. 



Summary op Assets, Dec 

United States bonds (market value), 
Cash in the office of the company, . 

deposited in bank, .... 

Premiums in course of collection (gross), 
Salvage due, ...... 

Gross Assets, 



31, 1877. 

$231,550 00 

6,202 21 

10,937 71 

6,283 06 

150 00 



$255,122 98 



Liabilities. 

Losses claimed and reported, . 
Unearned premiums on outstanding risks, 
Due and accrued for rent, salaries, etc., . 
State and local taxes, .... 
Commissions and brokerage, . 

Gross Liabilities, .... 

Surplus, 



$2,500 00 

22,107 91 

300 00 

300 00 

945 68 



26,153 59 
$228,969 39 



Income. 

Cash received for fire premiums, . . . $39,523 88 
Deduct re-dnsurance, rebate, and return prem's, 2,323 08 

Net cash received for fire premiums, . . $37,200 80 

Interest and dividends received from all sources, . . . 6,153 75 



Gross Cash Income, 



$43,354 55 



1877.] FOREIGN FIRE INSURANCE CO'S. 

Expenditures. 



465 



Cash paid for fire losses, 

Cash paid for commissions and brokerage, 

paid for salaries of officers and employees, 

paid for State and local taxes, 

paid for office, agency, and incidental expenses, 

Gross Cash Expenditures, .... 
Bisks and Premiums. 



Fire risks written during 1877, 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



1,981,183 00 

266,601 00 

5,714,582 00 

16,833 00 



$6,706 05 

6,612 20 

6,048 95 

441 87 

4,775 98 

$24,585 05 

Premiums. 

$45,806 94 
2,489 69 

$43,317 25 
159 00 



$3,697,749 00 $43,158 25 



UNITED STATES BRANCH OF THE WESTERN ASSURANCE 
COMPANY, TORONTO, CANADA. 

Office] No. 1 Merchants' 1 Exchange , Boston. 
Attorney to accept service, George O. Carpenter, Boston. 



Detailed Statement of 

United States bonds, 

Georgia State bonds, 

Cash deposited in Mississippi, 

Canadian Bank of Commerce stock, 

Consolidated Bank of Canada stock, 

Ontario Bank stock, 



Stocks, Bonds, Etc. 

Par value. Market value. 

$356,000 00 $374,920 00 

25,000 00 25,000 00 

15,000 00 15,000 00 

63,705 50 73,261 33 

25,750 00 20,600 00 

10,300 00 - 10,094 00 



$495,755 50 $518,875 33 



Summary of Assets, Dec. 31, 1877. 



Stocks, bonds, etc., as per schedule, 

Cash deposited in various banks, 

Interest due and accrued, .... 

Premiums in course of collection (gross), 

Notes taken for marine and inland risks, 

Premiums more than 3 months due, $10,053 04 

Gross Assets, 

Special deposits in other States (net) , 

Balance, 



$518,875 33 

22,807 89 

1,575 00 

66,989 64 

9,588 10 



- $619,835 96 
. * 241,430 10 

. $378,405 86 



* Deposits in other States for special protection of citizens in 

such States $289,555 33 

Liabilities in such States, 4S,125 23 



$241,430 10 



89 



466 



UNITED STATES BRANCHES OF [Dec. 31, 



Liabilities. 

Losses claimed and reported, . . . . $18,909 58 

Unearned premiums on outstanding risks, . 229,395 27 

Commissions and brokerage, .... 11,164 94 

Gross Liabilities, ..... 



$259,469 79 



Surplus, . $118,936 07 

Income. 

Cash received for fire premiums, . . . $498,764 22 
Deduct re-insurance, rebate, and return prem's, 60,761 48 



Net cash received for fire premiums, 
Cash received for marine and inland prem's, . 
Deduct re-insurance, rebate, and return prem's, 
Net cash received for marine and inl'd prem's, — 
Unpaid prem. notes received during the year, . « 
Interest and dividends received from all sources, . 



$438,002 74 



$43,261 21 
10,186 93 
33,074 28 



1,778 39 



26,964 37 



Gross Cash Income, $498,041 39 



Expenditures 

Cash paid for fire losses, 
Deduct salvage and re-insurance, . 
Net cash paid for fire losses, . 
Cash paid for marine and inland losses, 
Deduct salvage and re-insurance, 
Net cash paid for marine and inland losses, 
Cash paid for commissions and brokerage, 
paid for State and local taxes, 
paid for salaries and incidental expenses, 

Gross Cash Expenditures, . . 



$248,910 95 
21,269 09 

$50,379 92 
6,913 20 



$227,641 86 



- 43,466 72 
94,455 22 
12,812 45 
37,638 93 

. $416,015 18 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, ..... 
Deduct risks expired and terminated, 

In force at end of year, . 

Marine risks outstanding Dec. 31, 1876, 
"written during 1877, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, . 



$22,833,222 00 
45,259,734 00 

$68,092,956 00 
33,243,139 0(T 



Premiums. 

$419,194 37 
514,698 78 

$933,893 15 
488,566 55 



$34,849,817 00 $445,326 60 



$16,625 00 
6,513,952 00 

$6,530,577 00 
6,424,827 00 



$3,325 00 
49,224 97 

£52,549 97 
49,290 72 



$105,750 00 $3,259 25 



1877.] FOREIGN FIRE INSURANCE CO'S. 407 



AGGREGATE. 



Gross present Assets, . 


$16,606,625 00 


Gross present Liabilities, 


$8,333,895 00 


Income. 




Net cash received for fire premiums, .... 


$11,466,970 00 


for marine premiums, 


111,214 00 


Unpaid premium notes, . . . .$7,078 00 




Interest received from all sources, .... 


680,148 00 


Income from all other sources, ..... 


36,626 00 


Total Income, , 


$12,294,958 00 


Expenditures. 




Net cash paid for fire losses, . . . . 


$5,636,062 00 


for marine losses, 




105,317 00 


Cash paid for commissions and brokerage, 




1,897,276 00 


for salaries of officers and employees, . 




645,529 00 


for State and local taxes, . 




296,608 00 


for all other items, .... 




666,964 00 


Total Expenditures, 


$9,247,756 00 


Risks and Premiums. 




Fire risks written during the year, 


$1,432,823,168 00 


Premiums received thereon, 






13,377,112 00 


Marine risks written during the year, 






20,121,920 00 


Premiums received thereon, 






142,122 00 


Fire risks terminated, 






1,213,954,346 00 


Marine risks terminated, 






20,088,341 00 


Fire risks outstanding at end of year, 






1,096,347,381 00 


Marine risks outstanding at end of year, 






336,854 00 



FOKEIGN FIEE 
INSURANCE COMPANIES. 



Detailed Statements of Assets and Liabilities of Canadian 

Companies for the Year ending Dec. 31, 1877, and 

of the European Companies for the Year 

ending Dec. 31, 1876, with Abstract 

of Annual Statements. 



470 



FOREIGN FIRE 



[Dec. 31, 



DETAILED STATEMENT OF ASSETS AND LIABILITIES. 



BRITISH AMERICA ASSURANCE COMPANY, TORONTO, CANADA. 

[Incorporated 1833. Commenced business 1833.] 
Paid-up Capital, $513,032.70. 

P. Patterson, Governor. Manager, F. A. Ball. 



Detailed Statement of Stocks, Bonds, Etc. 



United States bonds, 

Dominion Government bonds, 

Toronto city debentures, 

Hamilton city debentures, 

Sarnia town debentures, 

Yorkville village debentures, 

Pt. Perry village debentures, 

Middlesex county debentures, 

West Gwillimbury county debentures, 

Canadian Bank of Commerce stock, 

Dominion Bank stock, 

Ontario Bank stock, 

Hamilton Bank stock, 

Federal Bank stock, 

Toronto Bank stock, 

Canada Permanent Loan and Savings Co 

Imperial Loan and Investment Co., 

Farmers' Loan and Savings Co., 

Freehold Loan and Saving Co., 

Ontario Savings and Investment Society, 

Western Canada Loan and Savings Co., 

Huron and Erie Saving and Loan Society, 

Canada Landed Credit Co., 

Mississippi State deposit, 



Par value. 

$375,000 00 

51,500 00 

24,720 00 

6,736 20 

6,180 00 

1,030 00 

11,330 00 

20,600 00 

1,055 75 

24,720 00 

10,300 00 

12,154 00 

3,605 00 

4,326 00 

10,300 00 

20,085 00 

5,150 00 

1,493 50 

12,978 00 

5,150 00 

6,386 00 

42,178 50 

2,793 87 

15,000 00 



Market value. 

$430,000 00 

52,530 00 

24,472 80 

6,006 96 

6,085 50 

1,030 00 

10,197 00 

20,806 00 

996 52 

28,551 60 

12,463 00 

11,850 15 

3,605 00 

4,390 89 

14,420 00 

34,747 05 

5,562 00 

1,612 98 

18,558 54 

6,437 50 

9,004 26 

55,675 62 

3,510 75 

15,000 00 



$674,771 82 $777,514 12 



1877.] 



INSURANCE COMPANIES. 



471 



Summary of Assets, Dec. 31, 1877. 

Cash value of unencumbered real estate, . $113,410 73 

Loans on mortgage of real estate (first liens), . 34,744 47 

Interest due thereon, 1,996 14 

Stocks, bonds, etc., as per schedule, . . 777,514-12 

Cash in the office of the company, . . . 57,295 2G 

deposited in various banks, . . . 27,825 60 

Interest due and accrued, .... 5,140 35 

Premiums in course of collection (gross), . 41,537 73 

Notes taken for marine and inland risks, . 25,614 12 

Salvage on losses paid, ..... 4,951 77 

Rents due and accrued, 1,231 70 

Bills receivable, 3,607 43 

Sundry accounts, ...... 2,407 58 

Office furniture, .... $5,243 70 

Gross Assets, ...... $ 



,097,313 00 



Liabilities. 

Losses claimed and reported, . 
disputed or resisted, 

Total amount of losses, . 
Less re-insurance, ■ . 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Dividends to stockholders unpaid, . 
State and local taxes, 
Commissions and brokerage, . 
Re-insurance due, .... 
Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, 
Paid-up Capital, .... 

Surplus over Capital, 



,768 13 
4,900 00 



$89,668 13 
4,948 74 

$84,719 39 

336,404 34 

27,042 37 

1,000 00 

6,000 00 

1,989 33 



457,155 43 



. $640,157 57 
. 513,032 70 

. $127,124 87 



Income. 

Cash received for fire premiums, . . . $706,033 31 
Deduct re-ins., rebate, and return premiums, . 107,465 81 

Net cash received for fire premiums, . . 

Cash received for marine and inland prem's, . $115,629 35 
Deduct re-insurance, rebate, and return prem's, 26,570 03 

Net cash received for marine and inl'd prem's, 

Unpaid premium notes rec'd during the year, . $26,250 47 
Interest received on bonds and mortgages, .... 
Interest and dividends received from all other sources, 



$598,567 50 



89,059 32 

3,102 61 
61,247 47 



472 



FOREIGN FIRE 



[Dec. 31, 



Income from rent, . 

Profit on capital stock not taken, 

Received for calls on capital, . 
for increased capital, 



Gross Cash Income, 



$68 67 
1,030 00 

14,022 92 
14,418 77 



$1,098 67 



$753,075 57 



$363,208 34 
23,881 56 



,901 60 
11,259 38 



Expenditures. 

Cash paid for fire losses, .... 

Deduct salvage and re-insurance, . 

Net cash paid for fire losses, . 

Cash paid for marine and inland losses, . 

Deduct salvage and re-insurance, . 

Net cash paid for marine and inland losses, 

Cash dividends paid, .... 
paid for commissions and brokerage, 
paid for salaries of officers and employees, . • 
paid for State and local taxes, .... 
paid for office, agency, and incidental expenses, . 

Gross Cash Expenditures, 



$339,326 78 



77,642 22 
50,691 64 
121,055 55 
31,762 86 
11,682 46 
62,627 54 

$694,789 05 



Risks and Premiums. 



Fire risks outstanding Dec. 31, 1876, 
written during 1877, 

Total, ..... 
Deduct risks expired and terminated, 

In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 

Marine risks outstanding Dec. 31, 1876, 
written during 1877, . 

Total, 

Deduct risks expired and terminated, 

In force at end of year, 
Deduct amount re-insured, 

Net amount in force, 



Premiums. 

$46,539,781 00 $576,152 40 
65,294,392 00 693,793 01 



$111,834,173 00 $1,269,945 41 
56,999,611 00 642,543 41 



$54,834,562 00 $627,402 00 
1,953,656 00 31,572 58 



$52,880,906 00 $595,829 42 

$798,519 00 $41,382 66 
9,687,913 00 110,407 52 



,486,432 00 $151,790 18 
9,917,016 00 121,385 57 



$569,416 00 $30,404 61 
102,589 00 2,488 49 



$466,827 00 $27,916 12 



1877.] 



INSURANCE COMPANIES. 



473 



CAISSE GENERALE DES ASSURANCES AGRICOLES, PARIS, 

FRANCE. 

[Incorporated Dec. 30, 1858. Commenced business Dec. 30, 1858.] 

Paid-up Capital, $1,458,072.78. 

Jules Le Cesne, President. Secretary, Charles Labrousse. 

Office, Nos. 28 and 30 Rue de Grammot, Paris. 

Detailed Statement of Stocks, Bonds, Etc. 

Par value. Market value. 

United States 6 per cent bonds, . . . $200,000 00 $232,500 00 
" " 5 per cent bonds, 



" " 4£ per cent bonds, 

French government loan, 
Italian government loan, 
Company's bonds redeemed, . 



9,000 00 
50,000 00 



10,192 50 
54,062 50 
33,154 73 
31,170 62 
10,790 52 

$371,870 87 



Summary of Assets, July 6, 1877. 



Stocks, bonds, etc., as per schedule, 

Cash in the office of the company, . 

deposited in bank, .... 
in agencies, . . . . . 

Interest due and accrued, 

Premiums in course of collection (gross), 

Suspense account, 

Bills receivable in settlement of old accounts, 

Rents discounted, 

Government stamps, .... 

Advanced on judgments, 

Deferred premiums on policies 
of various periods, but not ex- 
ceeding 10 years, called the 
company's portfolio, . . $4,069,830 24 

Less amount re-insured in other 

companies on the same terms, 740,062 99 



$371,870 87 

2,295 34 

53,930 82 

94,935 84 

11,268 07 

294,428 66 

21,706 30 

8,711 97 

4,762 80 

284 00 

6,008 76 



Commissions due from re-insuring companies 

on the above (25 per cent.), 
Annual proportion of recuperated commissions 

on cancellations (12 per cent.), . 
Premier establishment, being cost 

and amount paid for company's 

portfolio, .... $692,769 16 
Office furniture and supplies, . 13,804 21 
Gross Assets, ..... 
60 



3,329,767 25 
185,015 74 
255,064 02 



-$4,640,050 44 



474 



FOREIGN FIRE 
Liabilities. 



[Dec. 31, 



Losses adjusted, unpaid, 

claimed and reported, . 

Total amount of losses, . 
Less re-insurance and salvage claims, 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks 
Unpaid scrip ordered to be redeemed, 
Guarantee fund from American agents, 
Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, 
Paid-up Capital, .... 



Surplus over Capital, 



Income 



Cash received for fire premiums, 
Deduct re-insurance, rebate, and return 
Net cash received for fire premiums, 
Interest and dividends received ffom all 

Gross Cash Income, 



$63,673 15 
121,241 43 

$184,914 58 
37,381 05 

$147,533 53 

2,125,533 53 

279,157 95 

113,500 00 



-$2,665,725 01 

$1,974,325 43 
. 1,458,072 78 

. $516,252 65 



pi 



$1,137,705 98 
i-em's, 251,550 64 



sources, 



$886,155 34 
27,312 71 



. $913,468 05 



Expenditures. 



Cash paid for fire losses, . 
Deduct salvage and re-insurance, 
Net cash paid for fire losses, . 



. $591,786 39 
. 100,343 92 



$491,442 47 



Cash dividends paid, . . . . .... 19,736 84 

paid for commissions and brokerage, .... 237,662 83 

paid for salaries of officers and employees, . . . 92,097 32 

paid for State and local taxes, . . . . . 29,404 80 



Gross Cash Expenditures, 



. $870,344 26 



Risks and Premiums. 

Premiums. 

Fire risks outstanding Dec. 31, 1876, $3,203,964,050 00 $3,496,048 87 
written during 1877 to July 6, 1,488,373,534 00 ' 1,711,487 35 



Total, $4,692,337,584 00 $5,207,536 22 

Deduct risks expired and terminated, . 798,584,800 00 1,137,705 98 



In force at end of year, . 
Deduct amount re-insured, 

Net amount in force, 



$3,893,752,784 00 $4,069,830 24 
. 245,783,846 00 740,062 98 



$3,647,968,938 00 $3,329,767 26 



1877.] 



INSURANCE COMPANIES. 



475 



COMMERCIAL UNION ASSURANCE COMPANY, LONDON, ENG. 

[Incorporated Sept. 28, 1861. Commenced 1)118111088 Oct. 1, 1801.] 
Paid-up Capital, $1,250,000. 

Henry Trower, Chairman, Secretary, S. Stanley Brown. 

Office, Nos. 19 and 20 CornMll, London. 



Detailed Statement of Stocks, Bonds, Etc. 



Consols, . . . ■ ... . 

New 3 per cents, . 
Reduced 3 per cents, 
Canada Dominion loan, 

" " insc. stock, 

New Zealand government loan, 
United States 5-20 bonds, 1867, 

" " " " 1865, 

" " new funded loan, 

Brazilian government stock, . 
Belgian rentes, 
Swedish 1876 loan, . . 
French treasury bonds, . 
Scinde, Punjaub, and Delhi Railway, . 
Great Indian Peninsula Railway, . 
South-Eastern Railway debenture stock, 
Great Western of Canada pref. bonds, . 
Pennsylvania R.R. consol S. F. mort. bonds 
Phila. and Reading R.R. mort. bonds, . 

" and Erie R,R. mort. bonds, 
Pittsburg and Connesville R.R. mort. bonds 
Alleghany Valley Railroad bonds, 
Trust and Loan Co. of Canada debentures, 
Ceylon Co.'s debentures, 
New Zealand loan Co. 's debentures, 
Paris, Lyons, and Medit'n R'y obligations, 
Odessa Water Works Co.'s bonds, 
London and No. -Western R'y ord'y stock, 
Great Northern A stock, 
No. -Eastern Railway consolid. stock, . 

" " " pref. stock, 

West Hartlepool Railway pref. stock, . 
Lancashire and Carlisle Railway stock guar 
Manchester and Sheffield convert, stock, 
No. British consol. pref. stock, 

" convert, pref. stock, . 

South wark and Vauxhall Water Co.'s shares, 
Gas-Light and Coke Co. A stock, . 



Par value. 

$200,000 00 

200,000 00 

100,000 00 

50,000 00 

52,000 00 

100,000 00 

325,000 00 

75,000 00 

300,000 00 

10,000 00 

67,800 00 

50,000 00 

51,000 00 

96,000 00 

25,000 00 

25,000 00 

25,000 00 

25,000 00 

24,000 00 

15,000 00 

7,000 00 

15,000 00 

25,000 00 

25,000 00 

100,000 00 

80,000 00 

25,000 00 

25,000 00 

40,000 00 

75,000 00 

9,135 00 

40,000 00 

22,250 00 

50,000 00 

25,000 00 

25,000 00 

50,000 00 

14,225 00 



Cost value. 

$185,482 35 

183,214 16 

92,537 50 

45,000 00 

50.150 00 
100,000 00 
329,865 47 

78,824 00 
317,920 90 

8,269 92 
50,077 86 
48,144 16 
50,945 02 
97,790 43 
29,385 80 
27,788 57 
20,626 20 
22,500 00 
19,782 29 
13,612 50 

6,768 86 

14.151 25 
25,000 00 
25,000 00 

100,000 00 

53,200 00 

25,000 00 

36,682 90 

59,706 37 

118,345 69 

9,135 00 

37,435 38 

55,488 94 

56,670 40 

23,993 29 

30,425 69 

50,000 00 

30,547 23 



476 



FOREIGN FIRE 



[Dec. 31, 



Kew and other bridges debentures, 
Indian government 4 per cent paper, 
Canada Dominion loan, 

" " stock, 

United States 5-20s, 1865, . 

" " " 1867, . 

French treasury bonds, 1880, 
Swedish loan, 1876, 
Great Indian Penin. Railway, 
Montreal city bonds, 
Great Western of Canada pref. bonds, . 
Penn. consol. S. F. bonds, . 
Phila. and Reading R.R. mort. bonds, . 

" Erie R.R. mort. bonds, 

Pittsburg and Connesville mort. bonds, 
Alleghany Valley R.R. bonds, . . 
Trust and Loan Co. of Canada debentures, 
New Zealand Loan Co.'s debentures, 
Odessa Water Works Co.'s bonds, 
Nor de France obligations, . 
Manchester and Sheffield R.R. pref. stock, 
North British R.R. pref. stock, 
London and North- Western ord. stock, 
North-Eastern consol. stock, . 

" " pref. stock, 

Southwark and Vauxhall Water Co.'s shares 
Gas Light and Coke Co. " A " stock, . 
Kew and other bridges debenture stock, 

Law life policy, 

India government 4 per cent paper, 



),813 71 
12,500 00 
40,000 00 

103,092 84 
50,000 00 

100,000 00 
50,000 00 
50,000 00 
25,000 00 
50,000 00 
50,000 00 
25,000 00 
25,000 00 
15,000 00 
33,000 00 
15,000 00 
25,000 00 
50,000 00 
25,000 00 
80,000 00 
50,000 00 
50,000 00 
25,000 00 
25,000 00 
4,200 00 
50,000 00 
14,200 00 
69,813 70 
4,710 14 

135,200 00 



$69,813 71 
12,453 12 
36,162 51 

103,092 84 
51,117 18 

103,429 69 
50,685 35 
48,144 16 
29,385 78 
46,250 00 
41,698 08 
22,500 00 
20,682 29 
13,612 50 
33,093 86 
14,151 25 
25,000 00 
50,000 00 
25,000 00 
52,700 00 
56,670 39 
60,850 75 
36,682 90 
41,638 29 
4,200 00 
50,000 00 
30,493 75 
69,813 70 
4,710 14 

138,998 93 



1,789,940 39 $3,872,499 30 



Securities held as collateral for cash loans : — 



Ored Vitebsk Railway bonds, . 
Potsdam City Water Works bonds, 
Loaned on mortgage of leasehold, . 

on personal security, . 

on life policies assigned, 



Market value. Loaned thereon. 

$15,000 00 $15,000 00 



125,000 00 



125,000 00 

660,228 26 

65,188 92 

77,553 49 

$942,970 67 



Summary of Assets, Dec. 31, 1876. 

Cash value of unencumbered real estate, . $573,445 39 

Loans on mortgage of real estate (first liens), . 927,296 69 
Interest due or accrued thereon, . . . 2,703 29 
Stocks, bonds, etc., as per schedule, . . 3,872,499 30 
Loans on collateral security, as per schedule, . 942,970 67 



1877.] 



INSURANCE COMPANIES. 



477 



Cash in the office of the company, . . . $907 54 

deposited in various banks . . . 832,451 14 

Interest due and accrued, . 5,993 26 

Premiums in course of collection (gross), . 771,604 27 

Notes taken for marine and inland risks, . 140,699 19 
Re-insurance due, $26,831.76 ; stamps on hand, 

$4,268.52, 31,100 28 

Gross Assets, i| 



,101,671 02 



Liabilities. 

Net amount of unpaid losses, . 
Unearned premiums on outstanding risks, 
Life and annuity reserve fund, 
Dividends to stockholders unpaid, . 
Commissions and brokerage, . 
Bills payable, $11,827.92; fire deposits, $884.12 
suspense account, $667.50, . 

Gross Liabilities, except Capital, 

Surplus as regards Policy-holders, 
Paid-up Capital, .... 



Surplus over Capital, 



$473,870 00 

1,528,987 31 

2,642,100 27 

416 25 

34,194 78 

13,379 54 



-$4,692,948 15 

$3,408,722 87 
. 1,250,000 00 



$2,158,722 87 



Income. 

Cash received for fire premiums, 
Cash received for marine and inland premiums, 
Interest and dividends received from all sources, 
Income from all other sources, viz.: Life prem's 
$574,019; suspense account, $9,181.29; invest 
ment reserve $2,422.04; transfer fees, $160.00 
discount, $96.00, 



$2,694,468 25 
. 1,097,026 85 
. 185,778 37 



Gross Cash Income, . 



585,878 33 
t,563,151 80 



Expenditures. 

Cash paid for fire losses, 
Cash paid for marine and inland losses, . 
Cash dividends paid, .... 
paid for commissions and brokerage, 
paid for State and local taxes, 
Cash paid for all other items, viz. : Life Dept. 
$262,073.82; bad debts, suspense account, etc. 
$34,351.67, 



Gross Cash Expenditures, 



$1,583,097 20 
. 718,943 37 
. 156,066 25 
. 595,136 02 
. 297,755 57 



296,425 49 



$3,647,423 90 



478 



FOREIGN FIRE 



[Dec. 31, 



Fire risks written during 1S76, 
Net amount in force, 



Risks and Premiums. 

Premiums. 

. $652,919,575 00 

. 587,654,615 00 $2,504,705 00 



Marine risks written during 1876, 
Net amount in force, 



$113,299,860 00 

29,043,650 00 $545,115 00 



Miscellaneous. 

Premiums received from organization of company, 
Losses paid from organization of company, . . 
Cash dividends declared from organization of company, 
Dividends declared during the year, .... 
Losses incurred during the year, ..... 
Company's stock owned by directors, .... 



$35,863,837 00 

21,532,292 00 

1,670,000 00 

156,066 25 

2,564,920 00 

176,650 00 



GUARDIAN FIRE AND LIFE INSURANCE COMPANY, LONDON,